Americans' interest in financial advice is growing, but overall, remains dangerously low, according to a survey by TIAA-CREF.
The number of those who are interested in receiving financial advice increased to 35 percent from 24 percent in a 2013 survey. But that still left about two-thirds (65 percent) of those surveyed who said they were not interested in receiving such advice.
That number may be so high because of a general lack of understanding of what financial advice is. The study found that only 57 percent of those not interested in advice are aware that it can include specific recommendations.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
