Sponsored by: Edelman Financial Engines A groundbreaking report has revealed just how everyday Americans view their life and money. The Everyday Wealth in America Report, conducted by Edelman Financial Engines, explores perceptions and concerns regarding personal wealth so people can take better control of their financial well-being. Best-selling author and host of the Everyday Wealth Podcast and Jason Van de Loo, Co-Chief Client Officer for Edelman Financial Engines, joins our Laura Cavanaugh to share consumer perceptions and insights on homebuying, the impact of money on your relationships and the single-biggest threat to building personal wealth. “Very few Americans actually consider themselves wealthy, only 14% of those we surveyed said they feel wealthy,” said Van de Loo. “What was interesting to us is that 67% told us they would need a million dollars in the bank in order to feel wealthy.” In the last year, with all that has happened with the financial markets, interest rates and inflation, it’s getting more difficult to build wealth and feel safe and secure. Inflation and lack of home supply are factoring into consumers’ dashed hopes of homebuying. “Consumers are really feeling it. 45% told us in the research that they are discouraged from buying a home.,” said Chatzky. “And about a third say they feel like the window to buy a home, the opportunity has just past them by.” Americans are buried in credit card debt. According to those surveyed in the Everyday Wealth Report, it is the single-biggest threat in our ability to build wealth. Research revealed that 76% of people who work with a financial professional feel less stressed about their money, but only 37% have taken that step, Edelman Financial Engines is a wealth planning firm that helps 1.3 million people move their financial lives forward every day. If you want to take that first step and have that conversation about building your wealth with a financial planner, visit www.everydaywealth.com Sponsored by: Edelman Financial Engines