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Article: One-third of Americans ignore personal finances, according to individual investor survey. (Oppenheimer Funds Survey of Individual Investors)
- Article from:
- PR Newswire
- Article date:
- January 31, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ONE-THIRD OF AMERICANS IGNORE PERSONAL FINANCES,
ACCORDING TO INDIVIDUAL INVESTOR SURVEY
NEW YORK, Jan. 31 /PRNewswire/ -- One-third of all Americans (32 percent) never spend any time on personal financial planning, according to The Oppenheimer Funds Survey of Individual Investors which was released today. In fact, more than 60 percent of the population admits to spending less than three hours each month on their personal savings and investments.
Jon Fossel, president and CEO of Oppenheimer Management Corporation, which manages over 25 Oppenheimer mutual funds, said: "By ignoring their financial situations, millions of Americans ...