How many people/families use a financial planner vs how many “do it on their own”? And...

How many people/families use a financial planner vs how many “do it on their own”? And if you can find it, why they decided on that approach?

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Expert Solution

Answer--According to the survey of different autonomous organisation, it is estimated that in United States of America around 17% people /families use a finanical planner where as almost 75 % of people and families do it on their own and rest of the people and families use other sources for financial planning.

People / families use a professional finanical planner for the better utilization of their income because fianancial planner plans every cost and expenses by families according to their income .Financial planner also decides how much to save for future needs and how much to invest for the return .They also helps famlies to decides in which sectors of investment can result in the high return.

As directed by the survey, most of the peoples and families in United States plan their financial decisions by their own,in which family and peoples are independent to take decisions without any pressure of planners and all.In this type of decisions peoples and families decides how much to save and how much to invest for future return by their own rational thinking.

Rahul Sunny answered 1 year ago

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