Most Americans Think They Know More about Money Than They Do
Have you ever met someone who doesn't want to start a CrossFit class until they get in shape, and found yourself wondering, isn't the point of the class to help you get in shape?
That mentality is not uncommon -- even for our personal finances. Americans lack savings, are increasingly in debt and face a looming retirement crisis. Yet many are reluctant to seek advice or increase their financial know-how. In fact, a Standard & Poor's survey ranked the U.S. No. 14 globally in terms of its citizens' financial literacy and rated just 57% of U.S. adults financially literate.
