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☆ 35 states require personal finance course to graduate high school, survey finds
  + stars: | 2024-02-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email35 states require personal finance course to graduate high school, survey findsNan Morrison, Council for Economic Education president and CEO, joins 'Squawk Box' to discuss results from its latest 'Survey of the States', which examines financial education and literacy across the country.
Persons: Nan Morrison Organizations: Economic Education, Survey
☆ Lack of financial literacy cost 15% of adults at least $10,000 in 2022. Here's how the rest fared
  + stars: | 2023-01-19 | by ( Sarah O'Brien | ) www.cnbc.com   time to read: +3 min
A report from the National Financial Educators Council shows that 38% of individuals in a recent survey said their lack of financial literacy cost them at least $500 in 2022, including 15% who said it set them back by $10,000 or more. The majority (68%) of respondents said poor financial literacy cost them somewhere from zero to $499. For instance, adults correctly answered, on average, 50% of the 28 basic money questions in the 2022 TIAA Institute-GFLEC Personal Finance index, the sixth annual barometer of financial literacy. Financial literacy is 'a key tool in the toolkit'Advocates of financial literacy say the teaching needs to start before teens reach their high school graduation. "There's good data showing people make better decisions when they have financial literacy," said Nan Morrison, CEE president and CEO.
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