Financial literacy in America: Why the knowledge gap still costs us

Financial literacy in America: Why the knowledge gap still costs us | News Channel 3-12

Financial literacy in America: Why the knowledge gap still costs us 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 sh…

Financial literacy in America: Why the knowledge gap still costs us

Crediohub reports America faces a financial literacy gap costing individuals $1,015 yearly, prompting states to mandate personal finance education.