A recent study by eMoney advisor revealed that Americans aren’t looking for professional help when it comes to managing their finances. The results show that 63% of respondents have never consulted a financial advisor. The survey also shows that 33% of those same individuals were living paycheck to paycheck.
The results highlighted that while they make reviewing their finances daily, almost half of investors report being embarrassed or confused when talking about money. The study also found that 30% of those individuals that hire a financial advisor admit to hiding information about their spending habits to their advisor.
This study is one of many that highlights the lack of preparedness that many Americans face with their personal finances. If you’re experiencing feelings of fear, despair, embarrassment or disdain, you can ask for help. Our team at LeConte listens to our clients, develops an actionable plan and helps our clients execute those decisions along the way.
There’s an old saying that if you find yourself in a hole, stop digging. No matter how close to reaching your planning goals, let us give you a hand to get out of the financial hole and back on track to achieving your dreams.