Half of Americans who have a profile on social networking sites such as Facebook and MySpace are worried about their privacy, according to a new poll.
The Marist survey showed that people over 60 are the most worried about privacy, and women are more concerned than men.
“We’re in an era of information. Some people are concerned, reluctant and skittish about the extent of online information. There’s a privacy element that some people feel is getting lost,” said Dr. Lee Miringoff, director of the Marist College Institute for Public Opinion.
Privacy on social networking sites is an ongoing issue. Facebook recently changed its policies to give users more control over how much information from their profiles is public following protests from privacy watchdogs and consumers about the difficulty in changing default account settings.
“It doesn’t take much to increase the concern factor and when headlines start blaring about breakdowns in privacy, that goes a long way to raising people’s concerns,” Miringoff added.
The poll showed that 27 percent of the 1,004 people who took part in the survey were concerned about privacy on social networking websites, and a further 23 percent were very concerned.
Older Americans are more worried about privacy, he said, because social networking websites do not come as naturally to them as to younger people who have a more carefree attitude about the sites and privacy.
Overall, 43 percent of Americans said they keep in touch via social networking websites such as NetworkingFree.com, Facebook, MySpace and LinkedIn. Forty percent of men, and 45 percent of women, said they had a profile on a networking site.
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Jim has worked as a Portfolio Manager & Financial Advisor since 1996. In May 2005, Jim founded WHI Financial Services, LLC, WHIFinancial.com, a Registered Investment Advisory firm, with headquarters in Texas. His primary focus is on portfolio management, financial & retirement planning, and financial advisory & insurance services. Jim manages investment portfolios & advises individuals, small to mid-size companies, and non-profit organizations on a variety of financial and business issues.
Prior to founding WHI Financial Services, LLC, Jim worked as a portfolio manager & financial advisor for two international investment firms. From 2001 to 2005, Jim worked with Prudential Securities (merger with Wachovia Securities, now Wells Fargo Financial Advisors), and from 1996 to 2001, he was working with Merrill Lynch. While working with both Wachovia Securities and Merrill Lynch, Jim enjoyed dual responsibilities as a portfolio manager, financial advisor and leader of the Professional Development Program.
Jim's responsibilities as leader of the Professional Development Program included, recruiting, interviewing, training, and overseeing the daily operations of all financial advisors involved in the Professional Development Program. Jim was responsible for managing between 10-20 advisors, while still managing his own client investment accounts.
In addition to his experience in the financial services area, Jim has been involved in several start-up companies. Jim's Philanthropic work includes serving as President/Treasurer of a private foundation established to provide non-profit organizations financial assistance, and Chairman/President of the Believe In Your Dreams Foundation. In 2007, Jim established the Believe In Your Dreams Foundation, a 501(c)3 organization, to help individuals who are suffering from life-altering circumstances beyond their control.
Jim has taught investment, insurance, and credit repair classes through continuing education at universities in CA & TX since 1997. Jim attended the University of Minnesota where his focus was Management & Marketing.
Jim has recently written two books, one called "Your Financial Lifecycle" a book which describes several key investment topics everyone will face throughout their life, and a book titled, "The Truth about Your Credit Score", which defines how credit scores are calculated and how you can increase your credit score, including templates which you can use to send to creditors.
Jim's books can be purchased on Amazon.com, via Author search, or by emailing him directly at JimWigen@GetWealthyStayWealthy.com.
In the Fall of 2011, Jim will be starting his radio show called, The Jim Wigen Show, Teaching You to Get Wealthy & Stay Wealthy. You can hear his shows through streaming audio by visiting JimWigen.com.
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