Middle-Income Americans’ Financial Plans Lagging, Financial Engines Study Finds

SUNNYVALE, Calif.--(BUSINESS WIRE)--Despite needing help planning for retirement and other financial obligations, middle-income workers find themselves at a disadvantage when it comes to getting high-quality help from the financial services industry, according to a new study by Financial Engines (NASDAQ:FNGN), America’s largest independent investment advisor.1 Only one-third of American workers (37 percent) with annual incomes between $35,000 and $100,000 have a comprehensive financial plan, according to the study, compared to nearly half (48 percent) of workers who earn $100,000 or more per year.