Like the U.S., Consumers also 'Addicted to Debt'

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Like the U.S., Consumers also 'Addicted to Debt'

Jul 26, 2011

According to Federal Reserve data, total household debt in this nation at the end of 2010 amounted to about $13.4 trillion, which means consumers owe almost as much as the federal government.

"The conclusion to be drawn is that the government, as well as the U.S. population, is addicted to debt," said Eleanor Blayney[, CFP®], a consumer advocate for the Certified Financial Planner Board of Standards in Washington, D.C. Read more >

Pittsburgh Post-Gazette
Tim Grant
July 26, 2011

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Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call themselves a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
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