Financial Literacy - US - May 2018
"Financial illiteracy is a critical barrier to financial inclusion—though certainly not the only one. But due of a lack of knowledge about finance and financial products, many consumers find themselves unable to access banking and other financial services, and are either kept out of financial markets, or exposed to often-predatory business practices. Financial literacy is therefore highly important to an individual’s financial well-being, as well as to the overall health of the economy."
- Chris Shadle, Financial Services Analyst
This report examines the following issue:
Most consumers are still neglecting basic financial hygiene
Family is the most common source of financial knowledge