Financial behavior

/Tag: Financial behavior

Here’s how long it will take Americans to pay off their Christmas debt

In the days after Christmas, Americans can be found taking down the tree, cleaning up wrapping paper, and perhaps surveying the financial wreckage of another holiday season. Shoppers in the U.S. racked up an average of $1,054 of debt this Christmas season — an increase of 5% over last year, according to a survey from MagnifyMoney,

How Financially Literate Are You Really? Let’s Find Out – WSJ

There’s a financial-literacy crisis in the U.S. And it is probably even worse than it seems. Study after study shows how poorly Americans understand money and investing. Consider this common question posed by surveys: “Suppose you had $100 in a savings account and the interest rate was 2% a year. After five years, how much