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 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.

Most Americans have several financial goals they strive for each year. Whether you want to purchase a home, save for retirement or pay for your children’s education, achieving these objectives takes ...

Low levels of financial literacy could be costing the average U.S. household over $5,000 every year, according to a recent study. Over a 10-year period, this could amount to $84,458, compared to ...