The End of the World?

Huxford, Dusty
April 1998
Journal of Financial Planning;Apr98, Vol. 11 Issue 2, p106
Academic Journal
The article considers the effects of year 2000 concerns on financial advisors. The millennium bug will not seriously impact personal computer users. Rather, organizations that run mainframe systems and corporate databases need to be concerned about it. Such systems are used by mutual funds, insurance companies, governmental agencies and other large businesses. This means that these organizations need to revise code to accommodate the year 2000. It is estimated that over $1 trillion has already been spent to make these revisions. Advisors need to watch programs such as spreadsheets, databases and accounting programs.


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