Financial well-being seems impossible for an ever-growing number of Americans. www.quicken.intuit.com has created an infographic entitled “Financial Fitness: Staying on Track”, detailing financial...
literacy gaps prevalent in today’s society.
Financial literacy is essential in having control of your budget and finances. Unfortunately, Many Americans lack the financial knowledge necessary to control their personal finances. In fact, one in five people report that they spend more than they make, and less than 1/3rd create a budget. In a study done by FINRA, participants were asked five questions pertaining to personal finance and economics; 61 percent were unable to answer more than three questions correctly.
It’s no surprise America has a financial literacy problem. 75 percent of people say they’re not saving enough, ten percent admit that they’ve been late or have completely missed a mortgage payment, and we’ve added over $241 billion to the household debt in the last quarter of 2013 alone.
If you think you may lack in financial literacy, this infographic offers a quiz you can take to see how you fare against other nations in regards to your financial literacy. Additionally, the lower portion of this infographic holds some priceless tips on getting a hold of your finances, and offers concrete steps to get them in line, and keep them there. With such proven methods for helping your financial picture, this infographic is definitely one you’ll want to keep around.
Feel free to like, comment, and share this infographic entitled “Financial Fitness: Staying on Track”, brought to you by www.quicken.intuit.com.
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