Financial Planning Statistics: How Are Americans Doing?
Ben Franklin famously stated: “If you fail to plan, you are planning to fail.”
It seems most Americans are planning to fail. According to Charles Schwab, only 25% of Americans have a written financial plan.
Here’s how Americans compare to the rest of the world with financial planning.
References:
https://www.cfp.net/why-cfp-certification/career-guide/what-is-financial-planning
https://www.danerwealth.com/blog/you-can-benefit-from-financial-planning
https://www.investopedia.com/terms/f/financialplanner.asp
https://www.forbes.com/advisor/personal-finance/americans-are-draining-their-savings/
https://www.statista.com/statistics/246296/savings-rate-in-percent-of-disposable-income-worldwide/
https://worldpopulationreview.com/country-rankings/poverty-rate-by-country
https://www.visualcapitalist.com/ranked-the-best-and-worst-pension-plans-by-country/
https://www.gfmag.com/topics/news/countries-most-addicted-debt
https://www.usnews.com/news/best-countries/rankings/quality-of-life
“If you fail to plan, you are planning to fail.”
Don’t Be Distracted by Alternative Investments
In this blog, Marc Daner scrutinizes the allure of alternative investments and sheds light on their drawbacks. The article delves into the definition of alternatives, their popularity, and the downsides associated with them. Notable issues include lack of liquidity, limited transparency, high fees, and often unimpressive performance. Through analyses of diverse studies, the article questions the need for alternatives in a well-diversified portfolio. It advocates for a simple investment approach based on sound academic principles, focusing on factors such as global diversification, low fees, and customized portfolios.
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In this blog, Marc Daner scrutinizes the allure of alternative investments and sheds light on their drawbacks. The article delves into the definition of alternatives, their popularity, and the downsides associated with them. Notable issues include lack of liquidity, limited transparency, high fees, and often unimpressive performance. Through analyses of diverse studies, the article questions the need for alternatives in a well-diversified portfolio. It advocates for a simple investment approach based on sound academic principles, focusing on factors such as global diversification, low fees, and customized portfolios.
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