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Consumers think financial planning is hard. New technology could change that

Americans typically think financial planning is as troublesome as coaching for a marathon. And many are hoping that new improvements in technology might help take the ache out investing their cash.

The excellent news is that managing cash will doubtless look lots completely different sooner or later, because of technology.

That’s in keeping with a new survey launched by financial providers agency Charles Schwab this week.

More people say they favor tech to assist handle their cash than would use it to have their meals delivered, discover a date, diagnose a well being problem or drive a automobile, in keeping with the survey outcomes.

And many financial corporations are working to assist make it doable with only a contact in your cell gadget. Consumers are responding. A quantity are already turning to their smartphones and tablets as an alternative of visiting financial institution branches.

Yet on the subject of their general financial plan, many nonetheless need that human contact.

Eighty-six % of the 1,000 people surveyed stated they nonetheless need to have the ability to work together with an individual, and 43 % stated they like human assist over automation for even routine each day financial duties.

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About Virgie Powell

Virgie B. Powell writes for Reiterment Planning and Tax Advice sections in AmericaRichest.

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