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By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
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A new report from the Global Financial Literacy Excellence Center shows that the average American scored just 48% on a financial literacy test, with groups scoring as low as 37% in certain areas. Since the report’s inception in 2017, the results have been relatively stable: Americans have scored 48% to 52% correctly on the annual study.
But only 16% of Americans scored between 75% and 100% on the test in 2024. This alarming statistic has far-reaching consequences for companies, the wider economy, and more than half all Americans.
Cite: https://www.benzinga.com
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Filed under: "Ask-an-Advisor", Accounting, Book Reviews, Experts Invited, Financial Planning, Funding Basics, Glossary Terms, Investing, Marcinko Associates, Touring with Marcinko | Tagged: benzinga, finance, financial literacy, financial literacy test, Global Financial Literacy Excellence Center, literacy, marcinko. financial planning |
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