The Financial Industry Regulatory Authority (FINRA) surveyed nearly 1,500 American adults, and found that nearly half of respondents have difficulty covering monthly expenses and paying bills. Of these, 14% said it was very difficult to keep their noses above water, and 35% said it was somewhat difficult.
Finally, when it comes to financial literacy, 37% thought their financial knowledge was at the top of the scale. However, only 30% were able to correctly answer a basic question about interest rates and inflation, plus a question about risk and diversification.
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