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| Haley Birmingham • Messages: 3 • Years on forum: 11.3 |
10:18 AM 04/30/2015 |
58% of Americans believe their financial planning needs improvement, and 21% are
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| Facial Gone • Messages: 8 • Years on forum: 11.3 |
04:50 PM 04/30/2015 |
That's pretty high number
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| Facial Gone • Messages: 8 • Years on forum: 11.3 |
06:26 AM 05/01/2015 |
I would expect that number to be 50% - my observations are that people claim they have a financial plan but in fact it's not comprehensive enough and don't take into account all their needs.
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| May Leng • Messages: 8 • Years on forum: 11.2 |
10:03 AM 10/07/2015 |
Also, 49% of Americans don't have any savings - why would they need a financial plan? :)
Twenty-eight percent of Americans have nothing in their savings accounts and another 21 percent don't even have a savings account, according to a new survey from GOBankingRates.
http://www.cnbc.com/2015/10/06/nearly-half-of-americans-have-no-savings-survey.html
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| Vendy Nielsen • Messages: 14 • Years on forum: 11.2 |
03:46 PM 11/19/2015 |
It's not surprising as only 57% of Americans are financially literate vs. 66% in Germany and 67% in the UK. Actually, Northen Europe has the highest scores in Financial Literacy.
https://www.mhfi.com/corporate-responsibility/global-financial-literacy-survey
http://media.mhfi.com/documents/2015-Finlit_paper_17_F3_SINGLES.pdf
Financial literacy was measured using questions assessing basic knowledge of
four fundamental concepts in financial decision-making: knowledge of interest
rates, interest compounding, inflation, and risk diversification.
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