The pandemic has caused an increase in the number of people seeking financial advice in the US. Many seek help with repaying debt, budgeting, and retirement planning due to high living costs, slow wage growth, and economic uncertainty.
Interestingly, even financial advisors face money challenges. Recently, financial guru Dave Ramsey shed light on how even registered certified financial planners (CFP) face massive debts and liabilities. He connected with a CFP carrying over $400,000 in debt, spread across mortgages, student loans, and personal loans from his family.
