What Spooks You and Your Wallet

And the answer is? If I knew that, I'd have a better Web site. — LD

Texas Society of CPAs
Discovers Employees Financial Fears

DALLAS -- So ghosts and witches don't do it for ou, and you laugh in the face of vampires and goblins. But what about creditors, auditors or inadequate retirement savings? They can definitely give you a little scare, right?

The Texas Society of CPAs recently conducted a poll to find out what employers collectively thought was their client/employee's greatest financial fear. Of the 158 employers surveyed, 31 percent believed that the rising cost of health care was their client's biggest problem. Closely trailing health care costs were inadequate retirement savings and an IRS audit, both receiving 29 percent of the votes. Lastly, credit card debt sill poses as a problem for many, receiving 10 percent of the total.

Although many Americans struggle with credit card debt every day, it seems that they are more concerned with retirement savings and health care.

TSCPA (http://www.tscpa.org) is a nonprofit, voluntary, professional organization representing Texas CPAs. The society has 20 local chapters statewide and has 27,000 members, one of the largest in-state memberships of any state CPA society in the United States. TSCPA is committed to serving the public interest with programs that advance the highest standards of ethics and practice within the CPA profession.

SOURCE: Texas Society of CPAs