HOW’S YOUR FINANCIAL CONFIDENCE?
Less than half of Americans feel confident in their financial decisions.
According to a recent survey by NerdWallet, many people do not feel they have the ability to make good financial decisions. Confidence appears to increase with age, income, and education. For instance, only 37% of Americans with a high-school diploma felt confident in their decision making while 58% of college graduates reported feeling confident.
Confidence in financial decision-making:
- 47% of all Americans
- 30% of Gen Z (ages 18-27)
- 39% of Millenials (ages 28-43)
- 47% of Gen X (ages 44-59)
- 62% of Baby boomers (ages 60-78)
The complexities surrounding investment options, fees, and tax implications can be overwhelming. M3’s advisors offer education on retirement planning basics to help you make more informed decisions about your investment needs. Check out our financial literacy videos: LINK
M3 IN THE COMMUNITY:
Back-to-School Resources
Welcome back to school, teachers!
As you inspire the next generation, don't forget to plan for your own future. M3 Investment Services has resources to help you understand your retirement plan options. Learn more on our site and schedule a consultation to talk about your retirement goals!
THE MONTH IN BRIEF
U.S. Markets
Stocks notched modest gains in August, helping investors forget a volatile month of trading, punctuated by upbeat comments by Fed officials about interest rates.
The Dow Jones Industrial Average rose 1.76 percent while the S&P 500 Index tacked on 2.28 percent. The Nasdaq Composite lagged a bit, advancing 0.65 percent.1
1. WSJ.com, August 31, 2024
Advisory Services offered through Capital Analysts or Lincoln Investment, Registered Investment Advisers. Securities offered through Lincoln Investment, Broker/Dealer Member FINRA/SIPC. www.lincolninvestment.com M3 Investment Services and the above firms are independent and non-affiliated. Social Security claiming services are not offered through, nor supervised by, TheLincoln Investment Companies.
S&P 500 Index is an index of 500 of the largest exchange-traded stocks in the US from a broad range of industries whose collective performance mirrors the overall stock market. The Dow Jones Industrial Average is a widely watched index of 30 American stocks thought to represent the pulse of the American economy and markets. Investors cannot invest directly in an index. The NASDAQ is an index that tracks the cumulative results on a market capitalization basis of all stocks trading in the NASDAQ system. Investors cannot invest directly in an index.Past performance is no guarantee of future results. 9/24