Public Overlooks Financial Planners, AICPA Study Finds Electronic Accountant Online (10/20/00) Vol. 104, No. 42 p.7; Hunter, Matthew
A survey conducted by the American Institute of CPAs
(AICPA) discovered that only half of all Americans with incomes
over $75,000 utilize the expertise of financial planners.
AICPA's nationwide survey of 636 people found that 81 percent
were not sure if they were maximizing their money. Only 20
percent of respondents felt prepared for retirement, and
two-thirds were uncertain of their current financial situation.
Additionally, the survey found that 91 percent of respondents
were content to rely on friends and family for financial advice.