Reported about 2 months ago
A recent survey by the TIAA Institute and GFLEC reveals that only 50% of American adults can correctly answer financial literacy questions, with 23% getting at least 75% wrong. Despite the availability of educational resources, financial literacy remains stagnant, particularly in understanding financial risks. Poor financial literacy is linked to greater financial difficulties, highlighting the importance of seeking guidance from financial advisors to improve knowledge and well-being.
Source: YAHOO