Country Financial recently asked 1,000 American adults in an online survey what financial issues they most seek guidance around.
The findings turned up a significant difference between women and men looking for advice on retirement planning, tax-related issues and other financial matters, with men much likelier than women to tap others for advice.
Not only that, the study showed that 24% of women had never sought financial advice, compared with only 15% of men reporting the same.
Country Financial said a diversity of counsel can have a positive influence in guiding well-informed decisions, especially true as 51% of respondents reported that they were not managing their own investments or savings as well as they should.
Moreover, 43% of men in the survey and 35% of women said they were more comfortable giving financial advice than acting on it themselves.
“Financial Literacy Month is the ideal time of year for Americans to take an inventory of personal money management habits, determine financial priorities and opportunities, and create a circle of trusted advisors to advise the best path forward when it comes to managing finances,” Country Financial’s director of wealth management, Troy Frerichs, said in a statement.
In its statement, Country Financial offered several suggestions.
First, assess money coming in as it relates to current spending and saving patterns, then decide whether you are as responsible with your spending as you should be — 44% of survey respondents said they were not.