Americans Who Do This Have Saved Twice as Much for Retirement Than Those You Don't

A majority of Americans are concerned about the economic landscape in 2024, fearing recession, inflation, and reduced household income impacting their financial security.

Gen-Z respondents are notably proactive about seeking financial advice earlier than expected, starting at an average age of 29, signaling a shift in their financial literacy ethos.

African Americans showed the widest gains from hiring financial advisors, indicating targeted resources and advice are particularly beneficial for this demographic under economic pressures.

The planning behaviors of Americans across generations reflect a common struggle with inflation and financial security; thus, the role of financial advisors becomes increasingly vital.

Read at 24/7 Wall St.