71% of Americans With Financial Advisors Feel Secure. Only 10% Without One Do

"Among Americans who work with a financial advisor, 71% report feeling financially secure. Among those without one, only 10% do. The gap reflects a roughly seven-to-one difference in how confident people feel about their own money."

"Inflation ranks as the single biggest obstacle to financial security for 42% of Americans, running well ahead of lack of savings at 25%, personal debt at 22%, and healthcare costs at 22%."

"Discipline and advisor use tend to travel together, and the data support that connection. People who work with advisors are more likely to have written goals, automated contributions, and a clear plan for what to do when markets fall."

A study reveals that 71% of Americans with financial advisors feel financially secure, contrasting sharply with just 10% of those without. Inflation is the primary concern for 42% of Americans, overshadowing other financial issues. The data indicates a correlation between working with advisors and financial discipline, as 53% of Americans now consider themselves disciplined planners. This relationship suggests that having a financial advisor may foster better financial habits and decision-making, especially in challenging economic conditions.

Read at 24/7 Wall St.