Who Do Investors Trust for Advice?

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U.S. consumers are feeling worse about the economy and about their own finances — and they are not eager to get ideas about what to do from automated systems.

A team at Nationwide is reporting that finding in a summary of results from a recent online survey of 2,000 U.S. residents ages 18 and older.

About 70% said they are worried about rising interest rates, up from 61% in September 2022, and the percentage who said they are happy with their own finances has fallen to 39%, from 47%.

The share of participants worried about managing debt increased to 31%, from 22%.

Nationwide also asked the participants about the sources of advice or support they turn to when managing their personal finances.

For a look at how seven of those sources of advice rank, see the gallery above.

(Image: Bigstock)

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