Americans feel they are responsible for their own financial security, but a majority expect the government to provide a social safety net, according to a survey by the Certified Financial Planner Board of Standards.
"Consumers are assuming a significant amount of responsibility in nearly every element of their personal financial lives—retirement, health care, education—but they still look to government to provide support and protections," said CFP Board Chief Executive Officer Kevin R. Keller.
Keller predicted U.S. economic growth to be even better if Americans are equipped to make smart financial decisions and plan for their financial future. Citizens are generally more optimistic than pessimistic that economic conditions will improve, he said. Read more >
March 14, 2012