Americans Gloomy over Finances

January 2003
Journal of Financial Planning;Jan2003, Vol. 16 Issue 1, p25
Academic Journal
This article deals with the views of U.S. citizens on financial planning. Two-thirds of U.S. citizens do not feel that financial, government and regulatory agencies are protecting them against investor and accounting fraud, and a third of them do not think they will ever be confident again about their own financial future, according to a survey of consumers by the Financial Planning Association (FPA) as of January 2003. "These findings are profound," commented FPA president Bob Barry. "Not only are many U.S. citizens feeling ill when it comes to their finances, but in many cases the patient has given up hope. On the bright side, 30 percent of those surveyed said they were more likely to seek professional financial help than in 2002, and that rises to 35 percent among households with incomes of $50,000 or higher.


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