The study found that 38 percent of people are struggling to make ends meet month-to-month and only 30 percent are “feeling financially comfortable.” In 1997, about 30 percent were living paycheck-to-paycheck.

The study did show that people who use financial planners seem to be more confident in their finances, according to a release.

People with financial planners also report more success and are more likely to pay credit card bills on time, according to the report.

More than 50 percent of people surveyed also said they didn’t want to invest in the stock market or were concerned about losing money when investing.

“Consumers understandably are more nervous about investing their money given recent revelations about financial fraud, manipulation and abuse of clients,” said Kevin Keller, CEO of the Certified Financial Planner Board, in a release. “This doesn’t mean that people shouldn’t create a financial plan and be prepared.”