Have you prepared a long-term financial plan for your household? If you do, you're in the minority. According to a Gallup survey, only 43 percent of Americans with annual incomes greater than $75,000 bother to do so. Only 35 percent of the people in that income bracket work with a certified financial planner or accountant to set up a financial plan.
One thing most upper-income Americans do is use a computer or online program to help manage their money. Among those with an income of more than $75,000, some 53 percent reported doing so. But only around a quarter of the people in lower income brackets said they did even that.
The planning activity that is similar for all income ranges is preparing a monthly budget. While 39 percent of upper-income people do that, 30 percent of those in the $30,000 to $74,999 range report doing so, and 32 percent in the bottom bracket.
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