1/26/21-Survey Results: Deficits in Financial Literacy Cost Americans $415 Billion in 2020
- January 26 2021
- By: info@njcfe.org
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Survey Results: Deficits in Financial Literacy Cost Americans $415 Billion in 2020
January 7, 2021 | prnewswire.com
Lack of financial knowledge and education can have a powerful impact on individuals’ personal finances. Recently, however, the National Financial Educators Council (NFEC) sought to discover whether lacking knowledge affected a person’s bottom line.
In a survey of U.S. adults located around the country, the NFEC asked a single question: “During the past year (2020), about how much money do you think you lost because you lacked knowledge about personal finances?”
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