Being financially illiterate can lead to financial disaster, as it increases the likelihood of accumulating unsustainable debt burdens due to poor spending decisions or a lack of long-term planning.
Test your knowledge of credit cards, buying a home, saving for college or retirement and other things that affect your wallet.
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.
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