💨 Abstract

A 2024 Harris poll revealed that 60% of Americans aspire to achieve great wealth, with entrepreneurship and investing seen as top routes. Younger generations see influencer roles and AI advancements as paths to wealth. Despite these aspirations, only 27% of Americans use financial advisors, with trust and cost as major barriers. The demand for personalized human advice is growing, but the financial advising profession is aging rapidly, which may drive fees higher.

Courtesy: WTOP Staff