GuideVine was recently featured in the New York Post highlighting a study commissioned by GuideVine showing many Americans are sorely lacking knowledge in personal finance.

  • Only 30 percent of those studied said their current earning and budget enabled them to make a proper financial plan.
  • 27 percent of the over 30’s polled felt they’ll never become a homeowner.
  • Nearly a third (31 percent) could never envisage a life for themselves where they would never be in some sort of debt
  • Just 13 percent of the 1,000 studied had a 5-year plan for their finances.

The majority of respondents had never sought financial advice before (64 percent), which may be because only 49 percent of people believe that financial advisers are trustworthy.

According to GuideVine CEO, Raghav Sharma, part of distrust stems from the lack of transparency because “making sense of all the different financial professionals is very confusing; there are literally hundreds of thousands of representatives in the industry.”

To learn more about how GuideVine makes the search for a financial advisor, easier, smarter and more personal visit GuideVine.com.

If you have questions or you’re not sure where to start you can make an appointment with GuideVine’s Concierge Service.  It’s a free and convenient option with no obligation.

Categories: News

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GuideVine

From time to time, the team at GuideVine highlights certain topical videos and content from expert financial advisors. We find these helpful and hope you will to for your managing personal finances. To learn more, you can view and find potential advisors through our advisor matching service and listings, ask one-on-one personal finance questions to these experts, and view “How to” videos on our YouTube channel (https://www.youtube.com/channel/UCJopbGDSgc1szGZaoUPqTrA).