Forty-four percent of the 1.004 adults surveyed said the most challenging topic to discuss with others is personal finances, while smaller percentages cited death (38 percent), politics (35 percent), religion (32 percent), taxes (21 percent) and personal health (20 percent).
Financial concerns plagued many respondents, with 39 percent saying that money is the biggest stress in their life and an equal percent saying they are more stressed about finances now than they were last year.
One-third of Americans report losing sleep worrying about money and 49 percent say they have regrets about their savings and spending habits.
Thirty-five percent of the respondents said determining the right approach to saving and spending is the most difficult part of managing finances and an equal percentage said sticking with a plan is difficult.
“There is a lack of understanding about the importance of designing a plan. Only a third of adults have some type of financial plan or a simple household budget in place, which means most Americans don’t have the roadmap needed to improve their financial health,” said Karen Wimbish, director of retail retirement at Wells Fargo.
Source: Financial Advisor Magazine
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The views expressed here are that of myself or the cited individual or firm and do not constitute a recommendation, solicitation, or offer by myself, D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.
The Jacksonville Business Journal has ranked D2 Capital Management in the top 25 of Certified Financial Planners in Jacksonville. The Firm is also a member of the Financial Planning Association of Northeast Florida, the Jacksonville Chamber of Commerce, the Southside Businessmen's Club, and the Beaches Business Association.
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