Imagine if every American had the benefit of consulting with a financial planner. Even in such a nirvana, people would still certainly make poor choices and advisors would still give some clients faulty advice. But a better understanding of saving and investing strategy would likely create an unprecedented economic geyser, a tantalizing concept amid the economic torpor.
However worthy an ideal it may be - advisors teaching people, at a minimum, how to avoid foolish mistakes, regardless of how many people still made them - planning will likely remain a privilege for a minority of Americans. But this imagined nirvana should not be the enemy of the good.
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