According to Charles Schwab’s Modern Wealth survey, almost two-thirds of Americans feel like they are in better shape to reach their money objectives than previous generations.
Rob Williams, Charles Schwab’s Managing Director of money planning, Retirement revenue, and Wealth Management, sits down with Alexandra Canal on Wealth! to discuss the reasons why Americans — across age demographics — feel better equipped to build their wealth, including clearer access to educational resources and investing platforms.
“We find that people actually still aren’t that willing to talk about their finances with folks. It’s really the information from places like Yahoo financial, the access to information of any kind, whether it’s investing or any way to live your life,” Williams says. “So a lot of those surveyed tell us they do get information from social media, they do get it from financial media and use that as part of their inputs to making funding decisions. They also tell us they use their friends and family, but it’s actually encouraging to us to see that more and more of them are also saying that they use professional financial advisors.”
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