Study: Americans Are Horrible At Basic Personal Finance

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By Andrew Scot Bolsinger

A new survey by the National Foundation for Credit Counseling found that many American lack basic money-management skills.

“The bad news is that many people are missing a solid personal finance foundation, but there is good news: they know that they don’t know,” says Gail Cunningham, vice president of public relations at the NFCC.

The NFCC survey found that many Americans have significant gaps in their personal finance knowledge, with more than 60% admitting to not having a budget, the highest level is six years, according to Foxbusiness.com.

READ MORE via Financial Juneteenth | Americans Are Horrible At Basic Personal Finance.

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