It pays to understand finances — in both your business and your personal life

  • 📰 sdut
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Financial literacy. I can’t define it exactly but I know it when I don’t see it.

Try this on for size. In 2022, according to the FBI Internet Crime Complaint Center, there were 88,262 complaints of fraud from people age 60+ resulting in $3.1 billion in losses. Now factor in that only one in every 44 cases is reported, and you can see that old people lose a lot of money. My thesis is so do young people. In my humble opinion, it is because like sex and death, it is not a topic much discussed.

Forty percent of Americans are unfamiliar with Roth IRAs, and 70 percent know about 401s and don’t use them. Sell the winners, hold the losers, hoping they will come back? Advice, where art thou? Maybe just turn to AI? Ask ChatGPT or Gemini about stocks and bonds, and you get good solid answers. But go ahead and try to explain to the bot how you “feel” about money and investing.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Why FinTech is set to dominate the financial industry?The financial industry stands on the brink of a transformative era driven by Financial Technology (FinTech).
Fonte: FXStreetNews - 🏆 14. / 72 Consulte Mais informação »