Forget high school financial literacy for a moment–– adult financial literacy in America is shockingly low. Maybe not that shocking:
The U.S. national debt recently soared past $30 trillion, leaving pensioners and younger generations wondering how the federal government will meet all its outstanding obligations. If Congress can’t even set a balanced budget, what hope is there for the rest of us?
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, recently told Yahoo Finance Live that the U.S. “standard of living is lower” because of that.