75% of Americans feel the need to upgrade their financial knowledge

 According to Mintel Comperemedia’s study results, about 75% of adults are planning to come back to school this fall, aiming to increase their financial know-how in terms of the current economic recession.

Meantime, 32% have already done this, while 43% intends to learn more about financial topics in the future.

People are also looking to professionals more for financial advice: 65% say they feel unsure about investing because of the economic crisis, while 38% say they’ve started meeting with a financial advisor, or plan to soon, to work towards securing their financial future. 31% agreed they’d like advice from a professional on how to invest their money. 

As Susan Menke, VP at Mintel Comperemedia, considers, the recession became a wake-up call for many Americans as now they feel unsure about investing and money management, so they’re turning to friends, family and professionals for help in learning more about money.

The company also found, reports young adults are the most determined when it comes to increasing financial literacy 84% of Echo Boomers have already become or plan to become more educated about financial matters, and 39% say they would like to get investment advice from a financial professional.