Ask someone what causes them the most stress and chances are money will be right at the top of the list. Whether it is making ends meet on a day-to-day basis or long-term financial planning and investing for retirement, there is no doubt that many of us fret over money.
That’s the bad news. The good news is that more Americans are recognizing that attaining financial stability needs to be a primary focus and are planning on tackling the issue head-on. In fact, earlier this year as part of the Allianz New Year’s Resolution Study, for the first time ever more people named financial stability (71 percent) over health and wellness (67 percent) as their main focus for 2018.
The research also found that if given the opportunity to have free access, more Americans would pick a financial professional (28 percent) over a therapist (19 percent) or nutritionist/dietician (18 percent), and nearly a third (32 percent) claimed they are more likely seek the help of a financial professional in 2018. So hopefully we are turning the corner with giving financial planning and investing the attention they are due.