6/26/25 – Financial literacy in America: Why The Knowledge Gap Still Costs Us
- July 01 2025
- By: info@njcfe.org
- 0 Comment
Financial literacy in America: Why The Knowledge Gap Still Costs Us
June 26, 2025 | wsbtv.com
Financial illiteracy costs the average American $1,015 a year. This isn’t just some abstract statistic — it’s real money lost to bad budgeting, high-interest debt, and missed chances to grow wealth.
Every day, people make financial decisions like picking health plans, managing credit cards, or trying to save for retirement. But many don’t feel equipped to handle them. Studies show that even basics like interest rates, inflation, and diversification remain unclear for many Americans.
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