Majority of Americans Willing to Learn Personal Finance Basics Amidst Inflation Crisis

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Finance News

Inflation,Personal Finance,Financial Literacy

As inflation wreaks havoc on American finances, a majority of people are willing to go back and learn the basics of personal finance. A survey reveals that only 57% of adults in the U.S. are financially literate.

As inflation continues to wreak havoc on American finances, an overwhelming majority are saying they’d be willing to take the time to go back and learn the basics:Few states require a stand-alone personal finance course to graduate from high school, according to The American Public Education Foundation's Nation's Report Card on Financial Literacy:RELATED: 1 in 3 Americans maxing out credit cards because of inflation: surveyA survey from credit rating agency Standard & Poor’s found...

The top three things high school students wish they knew about managing their finances:The top three financial terms that students don’t understand are: Chime, a financial technology company, surveyed 2,000 adults of varying generations and the majority feel like, as an adult, they only use half of the information they were taught in school. More than half also admitted to relying on Google for basic information.

 

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