Americans are increasingly optimistic about their immediate financial futures
and are accepting more responsibility for their finances, according to a new survey by CFP Board.
More than two-thirds of respondents, 67 percent, said they have sole responsibility for their financial future. However, 72 percent still want the government to provide safety in the form of Social Security
, while 68 percent said the same regarding Medicare, the survey said.
Meanwhile, 67 percent said they believe it is the government’s duty to protect investors from fraud and abuse.
When asked about their own financial security, 44 percent said they don’t feel better than they did one year ago, while 51 percent expressed optimism that their finances will improve over the next year, the study said.