A new report claims that Americans lost nearly $1,000 last year due to a lack of financial literacy — and while that was less than the year before, the data seems a little . . . squishy.

Financial illiteracy costs the average American $1,015 a year. This isn't just some abstract statistic — it's real money lost to bad budgeting, high-interest debt, and missed chances to grow wealth.

Financial literacy helps investors recognize when to seek advice—and plan sponsors are well-positioned to provide support in the process. Financial literacy is beneficial for achieving financial ...

Financial literacy refers to the understanding and capability to make informed and efficient decisions about personal financial resources. It encompasses the knowledge of how money works in the world: ...

Financial literacy is not just a valuable asset; it’s a necessity for sustainable wealth building. Understanding how to budget, invest, and manage debt empowers Canadians to make informed decisions ...