Personal Finance, Profile America

Profile America: Financial Wellness Month

January 14, 2016 5:59 AM·

FINANCIAL WELLNESS MONTH

January Is Financial Wellness MonthProfile America — January is Financial Wellness Month, appropriately timed to the confluence of New Year’s resolutions and holiday bills. It’s a time to set new goals for financial freedom and moderation in spending; for people to understand the benefits of “paying yourself first.” A financial adviser can help shape money management goals, pointing out the power of compound interest to work for you in savings and against you in debt. Americans have a per capita income average of just over$28,000 and a household median income of $53,000. For family households, the median is nearly $66,000. There are some 196,000 personal financial advisers in the U.S., helping Americans reach their goals and turn that income into more net worth.

Source: American Community Survey, U.S. Census Bureau

 

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Author: Michael Benjamin is a public affairs consultant and an editorial board member at The New York Post. He is a former contributing columnist to the NY Post, City and State NY and other publications. He is a former Member of the New York State Assembly (2003-2010) and once led the Bronx Board of Elections. Since leaving office, he has appeared as a commentator on TWC NY1, Bronxnet OPEN, Good Day NY, and Al Jazeera America. His columns and blog focus on corruption, government, education, politics, redistricting, nuclear energy and race. He holds a B.A. in political science from Syracuse University.