In a recent study by the Society for Financial Accountability, it was found that a shocking 80% of people do not regularly check their financial information for accuracy. The study surveyed 1,000 individuals across various demographics and discovered a concerning lack of attention to detail when it comes to personal finances.
According to the research, many people are unaware of how discrepancies in financial information, such as credit card statements or bank accounts, can have a significant impact on their overall financial health. In fact, it was revealed that over 50% of respondents admitted to finding errors in their financial statements when they did eventually check.
Experts stress the importance of regularly monitoring financial accounts to catch errors and fraudulent activity early on. By neglecting to check financial information, individuals are putting themselves at risk for financial harm and may be missing out on potential opportunities to save money or improve their financial situation.
The Society for Financial Accountability has launched a campaign urging people to “check your numbers” and take an active role in managing their finances to ensure financial security and stability. By taking simple steps to regularly review financial information, individuals can protect themselves from potential financial pitfalls and make informed decisions about their money.
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