Here’s What’s Disrupting Americans’ Financial Plans Most
February 11, 2020 by Michael S. Fischer
Education spending — largely on student loan debt — has become the chief financial disruptor among Americans, even more so than loss of employment or having to take a lower-paying job, according to a new Harris Poll survey conducted on behalf of TD Ameritrade.
Education spending is the only financial disruptor that experienced growth in the past five years, the survey showed.
“The cost of education has risen proportionally as a source of disruption, as low unemployment and strong market performance seem to have blunted what were the greatest concerns five years ago,” Tom Butch, managing director of retail distribution at TD Ameritrade, said in a statement.
The Harris Poll conducted an online survey in August among 1,015 U.S. adults aged 23 and older with at least $10,000 in investable assets.