For a lot of people, money can be the source of a lot of stress, and a new survey reveals just how worried people are when it comes to their financial knowledge.The poll finds:
- 70% of Americans fear they will never be financially independent.
- 59% admit they are pretty clueless about their current financial situation.
- 68% want to learn more about their finances but aren’t sure how to do go about it.
- 55% admit they are too intimidated to ask for professional financial advice.
So, where should people learn important financial lessons?
- Well, 80% believe high schools should teach financial literacy.
- 57% have tried to teach themselves about finances.
- 72% say their parents didn’t teach them enough about their finances.
- That number goes up to 76% for millennials, while only 70% of Gen Xers and 59% of baby boomers say the same.
As for what financial lessons folks are most eager to learn, 42% want to know how to do their taxes. Other top lessons include:
- How credit card interest works (37%)
- How to apply for a car loan (36%)
- How to apply for a personal loan (36%)
- How to make a monthly budget (35%)
- How to apply for a mortgage loan (34%)
- How to invest (33%)
- How to create a savings account (33%)
- How to create a checking account (33%)
Source:SWNS Digital