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IS FINANCIAL INDEPENDENCE A REALISTIC ATTAINABLE GOAL?
RECENT SURVEY FINDS THAT AMERICANS AREN’T UTILIZING THEIR FINANCIAL KNOWLEDGE – WHAT CAN WE DO TO REVERSE THE TREND AND SAVE FOR THE FUTURE?
Jada Grandy, Senior VP, Community Reinvestment Act strategies director, Fifth Third Bank
For many, the American Dream means financial independence. But is that really a realistic goal for most of us? Most Americans consider themselves financially savvy, but a closer look at their finances doesn’t always reflect that claim.
According to a new study by Fifth Third Bank, financial independence was cited as a goal for over 80% of respondents. But for many Americans, staggering debt, poor retirement planning and insufficient savings stand in the way of attaining the goal.
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