Tuesday, April 17, 2007

Can You Say 'Denial'?

I often think we in the financial business are too complacent about the demand for our services. Then along comes a tidbit like this:


Nearly half (48 percent) of all non-retired adult Americans expect to retire with a pension, according to a new poll conducted by Harris Interactive for the American Institute of Certified Public Accountants (AICPA).

"Despite all evidence to the contrary, pensions are still regarded as a safety net for retirement," said Carl George, CPA, Chair of the National CPA Financial Literacy Commission. "Americans have to understand that many of the entitlements of their predecessors are not guaranteed. It is up to them as individuals to prepare for retirement. Otherwise, they may find themselves working far longer than they had intended."

So maybe I should be thinking more about evolving roles. As in, CPAs, wealth managers and the like moving from being "trusted advisors" to "lifeguards" to "emergency medical technicians…"

American Adults Still Expect to Retire With a Pension, According to AICPA Survey [AICPA via PRNewswire]

1 comment:

Elliot Fisch said...

Scary, isn't it. How about other facts like 50% of the workforce is stressed out about money costing the average company nearly $8,000 PER EMPLOYEE in lost productivity!

I have lots more facts like that. Hit me up for a fact sheet at lfeinstitute.elliot@comcast.net.

Elliot Fisch
Boca Raton, FL