When asked about their ability to repay, more than 54% of Millennials expressed concern, according to the Global Financial Literacy Excellence Center. Forty-five states and D.C. do not require standardized testing. And make sure to take advantage of the current federal student loan forbearance. THE WASHINGTON INFORMER 2020 FINANCIAL LITERACY SUPPLEMENT / WWW.WASHINGTONINFORMER.COM. If savings run out, what’s their Plan B? Here are 10 statistics that illustrate the state of financial literacy in America. © 2020 Opportunity Financial, LLC. No matter where you are in your personal financial journey, learning the latest facts … The study found persisting and widening gaps between those who are struggling and those who are prospering financially — skewing generationally. We make no representation that we will improve or attempt to improve your credit record, history, or rating through the use of the resources provided through the OppLoans blog. How do they hold themselves accountable when managing money? Personal finance education during formative years provides students with the knowledge and skills necessary to manage their finances and increase their financial well-being. 16% more U.S adults say their household carries credit card debt from month-to-month than last year (43% vs. 37% in 2019). Using polls, surveys, research, … Hopefully, the above personal finance statistics served not only as educational, but eye-opening to the current state of our finances. An investment in financial literacy … In 2019, a survey revealed two in five U.S. adults said they have a budget and follow it to keep track of spending. The answer is prioritization. It is chaired by the Secretary of the Treasury and the vice chair is the Director of the Bureau of Consumer Financial … Further, six out of 10 U.S. adults had credit card debt in the past year. Compared to last year, slightly more people are facing obstacles to homeownership. 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