Beyond Wealth:
Insights on Money Management
and Future Planning

First Citizens Wealth’s latest study uncovers insights on the behaviors and attitudes of affluent Americans toward money management and future planning.

• 66% of affluent Americans believe they manage their money better than others. Only 4% believe they do worse.
• Affluent Americans expect to need $5.5 million to retire and pass down wealth to heirs. Yet only 50% say they are very prepared to pass down wealth and have a written plan in place.
• Nine out of 10 affluent Americans credit financial advisors for growing their wealth. Additional benefits of working with a financial advisor include reducing stress, saving time, and enhancing feelings of preparedness.

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Submit the form below to access our full report of insights, including affluent American’s attitudes toward money management, their expectations around retirement and wealth transfer, and their approach to financial advisors and wealth building.

“There is more conversation around wealth planning than ever, and younger generations are getting more involved through social media, podcasts and other digital platforms. Our study shows that wealth planning isn’t something you should put off until you reach a certain age or asset level. The sooner you start, the sooner you’ll see a positive impact in more ways than just increasing net worth.”

“Estate planning is best started well in advance. That’s why it’s crucial to work with financial professionals to clarify your estate goals and make plans to navigate a variety of retirement scenarios. Effectively planning wealth transfers and managing tax implications are important so you are set up for success when the time comes.”

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