Americans are struggling because they do not know how to handle their money – Daily Access News
Finance

Americans are struggling because they do not know how to handle their money

Younger generation score lowest of all on test of financial literacy

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The main reason so many Americans are in a precarious financial situation is that they do not know how to manage their money. The situation is particularly concerning among adults aged 18 to 24 who score lowest of all generations on a test of financial literacy.

These conclusions are drawn in a new TIAA Institute study conducted by the Global Financial Literacy Excellence Center at the George Washington University School of Business.

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