The Dog Days Cool Off

August 1997
Journal of Financial Planning;Aug1997, Vol. 10 Issue 4, p17
Academic Journal
This article discusses the results of a survey carried out by the Consumer Federation of America (CFA) and NationsBank which found that in households with annual incomes of less than 100,000 U.S. dollars, savers who say that they have financial plans also report about twice as much savings and investments as do savers without plans. The CFA concluded that a financial plan was the most effective way to help people reach their goals, and the planning itself leads to increased savings.


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