The bulk of consumers who experience financial woes say it was their own fault, according to a new poll by the National Foundation for Credit Counseling.

Sixty-three percent of those polled said their financial problems were self-inflicted rather than the result of events beyond their control.

"The poll results are encouraging, as the first step to correcting a problem is recognizing it," said Gail Cunningham, spokesperson for the NFCC.  "Taking ownership of financial problems empowers consumers, putting them in the driver's seat to affect change."

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.