A lack of financial literacy cost the average American $1,819 in 2022.
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A lack of financial literacy cost the average American $1,819 in 2022—the highest amount since the National Financial Educators Council started keeping track of financial literacy statistics.
“Parents assume kids are being taught a lot of this in school. Schools assume the parents are teaching this at home. There are a lot of gaps,” Ross Hamilton, vice president of wealth management at Raymond James & Associates in Bethesda, Md. “Our young clients says ‘why didn’t anybody teach me this in school?’”
Many…
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