LACK OF FINANCIAL LITERACY IS EXPENSIV

A survey published by the National Financial Educators Council, which was conducted among approximately 3,000 US adults between October and December 2022, revealed that 38% of respondents reported losing at least $500 in 2022 due to their lack of financial literacy, including 15% who claimed to have lost $10,000 or more. The majority of participants (68%) stated that their poor financial literacy resulted in losses between zero and $499. The study highlights the importance of starting financial literacy education before teenagers graduate from high school. For further information on the survey results, please visit the following link: Here’s how much people say lack of financial literacy cost in 2022 (cnbc.com)