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A new survey of 2,000 Americans finds that having a financially savvy friend can save an average person about $482.10 annually. The study, commissioned by TaxSlayer Pro and conducted by Talker Research, indicates that one in seven people have saved more than $800 from following financial advice from friends. Additionally, 35% of respondents believe every group should have a financial expert, with Gen Z being the most common source of such advice within their friend circles.
Written locally by qwen2.5:14b on 2026-10-12,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
A new survey by TaxSlayer Pro and Talker Research found that having a financially savvy friend can save an average American $482.10 per year, with one in seven saving over $800 annually from following such advice. The poll of 2,000 Americans revealed that 35% believe every friend group should have a financial expert, and nearly a third consult their "financial guru" frequently. Gen Z is most likely to be the go-to for financial advice within their social circles at 59%, and many (35%) wish their friends would seek more of their advice. Common topics include improving credit scores (35%), filing taxes (31%), and investing (30%).
Written for “Financial Benefits Of Friendship” on 2026-10-12,
grounded in this article and the 0 other(s) covering the same event.
Having a financially savvy friend saves you $500 a year, new research reveals.
asserted
research → have → 500
A poll of 2,000 Americans found the average person estimates saving about $482.10 from following a friend’s advice, and one in seven have even saved upwards of $800.
That might be why a third of Americans (35%) believe every friend group needs a financial guru.
uncertain
group → find → guru
Commissioned by TaxSlayer Pro and conducted by Talker Research, the study found that nearly a third of those who have a “financial expert” friend consult them all the time (31%).
asserted
who → commission → them
And for one in six, the role is reversed: they believe they are the “financial savvy” friend in their social circle.
asserted
they → reverse → circle
For a third of these respondents, this credibility comes from having friends that ask for their financial advice often; of those surveyed, Gen Z is most commonly the financial fallback (59%) for their friends.
And they like it this way: 35% wish their friends would consult them for financial advice even more often.
asserted
friends → come → advice
Those who have provided financial advice to their friends have advised on how to improve credit scores (35%), how to file taxes (31%) and how to invest (30%).
asserted
who → provide → %
In fact, 42% feel so confident about their financial advice, they’d consider “going pro” with their talents — making filing taxes for others their profession.
asserted
filing → feel → others
When asked what would motivate them to become a professional, 87% of respondents believe it would allow for more flexible working hours, be a change of pace from what they currently do and allow them to learn a new skill.
asserted
them → ask → skill
“The goal of becoming a professional tax preparer may be more attainable than many people realize,” said Richard Marshall, Director of Sales at TaxSlayer Pro.
uncertain
Marshall → become → Pro
“The right tools and training can help you develop practical skills without following a traditional four-year degree path.”
asserted
you → help → path
The survey also investigated exactly what other professions every “dream” friend group needs.
asserted
group → investigate → professions
Aside from having a fiscal whiz, many said their friend group is better off when it includes a mechanic (41%), a doctor (32%) and a lawyer (29%).
asserted
it → have → mechanic
Eighty-four percent agreed that it’s handy to have friends with a variety of skills, and one in five rely on their friends’ skills for help on specific tasks “all the time.”
asserted
five → agree → tasks
Gen Zers were found to rely on their friends most regularly (34%).
asserted
Zers → find → friends
What respondents themselves bring to the table is being a source of entertaining talking points (28%) and sound fashion advice (24%).
asserted
bring → bring → points
“Being a financial expert doesn’t mean having every answer,” said Marshall.
asserted
Marshall → mean → answer
“It can start with practical knowledge and a willingness to keep learning.
asserted
It → start → knowledge
If friends already trust your guidance, that experience has value — and with the right training, you can continue building on it.”
asserted
you → trust → it
Talker Research surveyed 2,000 taxpaying Americans who have access to the internet; the survey was commissioned by TaxSlayer Pro and administered and conducted online by Talker Research between July 16 and July 23, 2026.
asserted
survey → survey → July
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