“The U.S. ranks 14th in the world when it comes to financial literacy, with just 57% of adults being able to pass a basic financial literacy test.”
“What financial advisers must remember is that the vast majority of people need help with the absolute basics of personal finance — bill paying, budgeting, saving, setting aside money for emergencies, not getting into credit card debt — more than they need advice about investing.”
Investment News, “Don’t Give Up On Financial Literacy Efforts,” February 8, 2020
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