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Money myths and

Certain misconceptions about money can undermine the foundation of even the best-laid plans.

One of the most surprising discoveries in our national Money Myths survey*—conducted in January by independent research firm Lieberman Research Worldwide—was that respondents who believed they were the most knowledgeable were more likely to agree with misconceptions about important financial planning decisions. The results also showed people were often overly optimistic about their financial future—putting them at risk.

*The nationally representative online survey polled approximately 1,000 respondents ages 30–79 with an annual household income of at least $35,000.

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