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.

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