Financial illiteracy costs the average American $1,015 a year. This isn’t just some abstract statistic — it’s real money lost to bad budgeting, high-interest debt, and missed chances to grow wealth.
FirstHome IQ finds Millennials and Gen Z lack financial literacy, with 93% never taught in school. Only 7% know minimum home down payments and just 20% trust lenders. Confusion delays major financial ...
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