Chase Card Services, a division of JP Morgan Chase (NYSE: JPM), said on Tuesday results from a consumer survey showed 72 percent of investors trust themselves most for managing their finances.
The firm’s 2010 Personal Finance Confidence Survey polled 1,000 Americans about their personal finances and views of the economy on a whole.
Ironically, the survey found 52 percent of participants do not feel in complete control of their finances despite 72 percent trusting themselves most to manage them.
Participants were more optimistic about their personal finances, with 57 percent believing they have turned the corner toward improvement.
“Consumers tell us they’re looking ahead with optimism about their own finances and have learned important lessons from the challenging year we’ve all been through,” said Stephanie Jacobson, Chase Card Services. “We know that while most trust their own judgment, they also recognize the need for better ways to help them achieve their goals.”
In order to help Americans better handle their finances, Chase has created the Chase Blueprint, which helps customers manage their spending and borrowing free of charge.
The program offers an option called “Finish It” that gives customers the ability to create a plan to pay off debt based on a goal date. “Full Pay” is another option, which allows customers to specify which expenses on their Chase card they want to pay in full each month, thus avoiding interest changes on them.
As for views of the economy, the outlook was as not bright with just 39 percent of participants feeling the economy has turned for the better. 54 percent said the economy is not improving, while 35 percent believe things will still get worse.
