Getting Money Smart Survey Shows Most Don't Consult Over Finances

Destin, FL, September 10, 2014 --(PR.com)-- The fallout from the financial crisis may still be triggering chaos in the world economy, but it doesn't seem to matter to many consumers. A majority of those surveyed said they have not consulted with a financial adviser. The results were found as part of a study conducted by GettingMoneySmart.com.

More than half (57%) said they had not consulted with a financial advisor over their personal money matters. The study follows another Getting Money Smart survey that found the over-whelming majority of U.S. consumers are unable to save money as a result of tough economic times and more money being spent on necessities.

However, improving conditions on the job front seems to be aiding the economy, according to declining government unemployment figures. Widespread mortgage fraud, weak lending standards on behalf of bankers, appraisal fraud on home sales and a series of other issues triggered the crisis. An economic recovery has at least been partially manipulated by the Fed buying more than $3-trillion in mortgage securities and keeping loan rates near record lows to stimulate the economy.

The recovery has mainly been experienced on Wall Street, however, as investors benefit from higher stock prices. The recovery has been slow, taking a toll on millions of consumers who lack the funds to make investments.

Getting Money Smart.com regularly surveys visitors on important issues related to the economy. Journalists, including experts in stocks, bonds, real estate, money management, personal finance and banking provide detailed reports and forecasts so consumers can better protect themselves in the new economy.