The 2014 Consumer Financial Literacy Survey from the National Foundation for Credit Counseling shows once again that financial literacy needs to improve in America. But the problem isn’t necessarily a lack of knowledge. Rather, there is a ‘knowing-doing’ gap in financial literacy. In other words, knowing what to do — and doing what should be done — are two different things.
Classes and information about personal finance are widely available, and are often for free. But many are still failing the basics of financial literacy. Adding insult to injury is that the survey show that people who are not financially literate recognize what they don’t know.
If after viewing this infographic, you recognize what you don’t know, take steps today to improve your financial knowledge. And don’t just stop there. Take that knowledge and do something about it – use it to change your financial future for the better.