America Has A Major Financial Literacy Problem – even for those who read well

Did you know? 2/3 of American adults can’t pass a basic financial literacy test. 44% of Americans don’t have enough cash to cover a $400 emergency. 43% of student loan borrowers are not making payments. 38% of U.S. households have credit card debt. On average, they owe $16,048. 33% of American adults have $0 saved for retirement. These statistics are from a recent Forbes article on how badly America is failing at financial literacy. They are for all Americans not just for those who have literacy problems....