The survey revealed that several stressors contribute to anxiety around the financial planning process:
- Forty-three percent feel managing their finances has gotten more complex over the past five years.
- Nearly half take between one and five hours to research, organize and calculate their overall financial picture on an annual basis.
- Only 28 percent feel completely confident in the accuracy of their methods to keep up to date with their overall financial picture.
- More than one-third of respondents use two or more advisors to help them manage their financial activities.
- Thirty percent of survey respondents were unable to confirm their dependents would know where to easily access or find ALL important and legal documents.
- Only one in four feels more optimistic about their financial future than they did one year ago.
See more in the infographic: http://www.multivu.com/players/English/7723854-fifth-third-bank-life360/docs/infographic-1716293237.PDF