![]() ![]() 57% of Americans rank their financial literacy as an A or B.Well the NFCC has the data for their 2020 Financial Literacy Survey, so let’s see how it’s changed: 1 in 4 Americans (25%) say that they do not pay their bills on time. ![]() but 79% believed they would benefit from getting advice from a professional about everyday financial things.55% of Americans ranked their financial literacy as an A or B (meaning that 45% ranked themselves lower than this).In 2018 there was an NFCC Financial Literacy Survey. We have over 101 ways to save money that you should check out and try to reduce your debts and change these stats for good! American Financial Literacy Statisticsįinancial literacy is so important for every American to have, but it’s not something that we all feel that we possess.įinancial literacy is where you have a basic understanding of how money works, and we will also look at some financial planning statistics. With debt being so high, we really encourage you to invest more of your time not only in making financial goals but in saving more money in simple ways. 34% of people have started side hustles to earn more.The median income per person is up to $79,900 per year.The average credit card debt is $23,325 per person.50% of Americans live paycheck to paycheck.Less than 50% of Millennials are homeowners.Almost 1 out of 4 people (24%) don’t pay bills on time.Here are some of the most important stats that stuck out to us: Best Free Budget Template: Savvy Couple Budgetįor a long story short, there are some worrisome personal finance stats being thrown about and a lot of numbers to check out.Best Overall Money Management App: Empower(formerly Personal Capital).Here are our Savvy picks for your finances: Track Your Finances Now before we get into all these numbers and shocking stats, let’s talk about a few apps that can help you track your spending, increase your savings, and grow your wealth. Quick Picks: Savvy Apps To Manage Money & Grow Wealth What Do All These Personal Finance Statistics Mean To You?.Percentage of Americans With More Than One Income Stream (not including investments, pensions, and similar) Employment & Side Hustle Financial Statistics.Average American Debt Financial Statistics.Statistics On Defaults, Delinquencies, and More Americans That Actually Follow A Formal Budget Budgeting and Spending Financial Statistics.Millennials Score Low on Financial Literacy Not Enough States Have Financial Education Snapshot Of Personal Finance Statistics.Quick Picks: Savvy Apps To Manage Money & Grow Wealth. ![]()
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