Cybersecurity

The cost of financial illiteracy: Billions wasted through incorrect choices

Ali Nemati8 hours ago27 sec read2 views0 listens

In 2025, poor financial literacy in the U.S. led to individual losses averaging $948 and total national losses of $246 billion. This highlights the critical need for improved financial education to help individuals manage money more effectively and avoid costly mistakes. Financial Literacy Month aims to address this by focusing on understanding complex terms like equity, APR, GDP, ETFs, and others that commonly confuse people.

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