A Major Anniversary
October 23, 2019 by Evan Simonoff
There are several ways to look at the financial planning profession since it was conceived 50 years ago.
From the vantage point of financial literacy, a major segment of the American population is a lot more knowledgeable than it was in 1969. Far more people have a rudimentary understanding of the principles of savings and investing than they did half a century ago.
As Dan Moisand writes in this month’s cover story on page 46, financial advisors may question how realistic the FIRE (Financial Independence, Retire Early) movement is. But many millennials have bought into the concept of financial freedom at a much earlier age than previous generations. If the movement continues to grow, it will have positive implications for society.