STUDY: People Think Their Finances Are Healthier Than They Are

Photo: flickr/soldiersmediacenter

Despite skyrocketing levels of obesity in this country, Americans actually think they’re in better physical than financial health, according to a recent survey from Principal Financial Group.Only 31 per cent of Americans believe they’re financially healthy compared to 53 per cent who think they’re physically healthy.

When asked which money matters worry them most, 49 per cent said they struggle to save, while 27 per cent feel overwhelmed by debt, and 23 per cent can’t seem to control their impulse spending

Perhaps it’s time they call in the professionals, says YM contributor DINKS Finance. According to the survey, only 25 per cent of respondents didn’t use a financial advisor thought they were in good fiscal health, while 44 per cent  who did believed they were better off. 

The fact is, sometimes you can’t just go it alone when you’re trying to master you money. For many people, having an advisor on hand to answer questions and navigate problems like debt gives them the confidence they need to work toward their goals. 

To find your dream advisor, DINKS recommends finding someone who’s fee-only, certified, and has worked with a friend. If your friends haven’t worked with an advisor before, would be a good place to start your search.  

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