Fiscal Beats Out Physical


Financial fitness topped the list of self-improvement priorities in a Charles Schwab survey on families and money.

 

According to the 2009 Young Adults & Money Survey, 52% of young adults (between the ages of 23 and 28) said that “making better choices about managing money” was the single most important issue for individual Americans today. It outweighed “strengthening family structure/relationships” (18%), “personally taking steps to protect the environment” (11%), “balancing work and personal life” (10%) and “improving personal nutrition and health” (9%).

 

Toward this goal, most said they are becoming more financially conservative by curtailing shopping for fun (73%), eating out less (62%), saving more (52%) and modifying vacation plans (47%).

 

Source: Charles Schwab, www.schwab.com.

 

SPONSORED REPORT

6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.

PODCAST

How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.