Financial Literacy of Millennials

I am not attempting to single our one generation and some of this data is just be a product of age/maturity, but a recent study showed that in the US, the “financial literacy” of those entering the job market is less than their prior generation peers. Significantly different from that of other nations whose younger citizens are often MORE financially literate than their older peers. The study suggests that our educational system is lagging in financial instruction.

Financial Literacy by Age Country

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