MILWAUKEE (5/5/15)--For more than one third of all Americans, the plan is: there is no plan.
A recent study from Milwaukee-based Northwestern Mutual found that 34% of consumers have not taken a single step to plan for their financial futures, despite the fact that nearly 60% of consumers say their financial plans need a tuneup (CNBC.com April 29).
Northwestern Mutual said the findings illustrate the problems consumers still have in making proper plans for their money.
More than 40% of Americans have never spoken with anyone about retirement planning, for example, while 21% have no confidence they have the ability to reach their financial goals.
What’s more, consumers also appear overwhelmed by the amount of information they must digest to make the proper decisions, Sean Michael Person, certified financial planner, told CNBC.com.