In the News

Title

Why Are So Many Americans Lax on Financial Literacy?

Document Type

Article

Publication Date

1-27-2016

Abstract

The U.S. has a literacy problem, and it's a direct threat to the financial health of millions of Americans.

That's no hyperbole - it's the primary takeaway from a new study from Boston-based American Consumer Credit Counseling, which shows the U.S. ranks 14th on the global list of financially literate countries (behind countries like the Czech Republic and Singapore.)