Almost Half of Americans Give Themselves Low Grades for Financial Literacy

42% of Americans give themselves a grade of C, D or F when it comes to personal finance, according to the 2012 Consumer Financial Literacy Survey from the National Foundation for Credit Counseling and the Network Branded Prepaid Card Association. That’s up from 35% in 2010, and it suggests that the enduring slow economy is leading to some cathartic moments in millions of households.

On the bright side, they’re totally crushing it when it comes to spending money they don’t have.

Almost Half of Americans Give Themselves Low Grades for Financial Literacy

42% of Americans give themselves a grade of C, D or F when it comes to personal finance, according to the 2012 Consumer Financial Literacy Survey from the National Foundation for Credit Counseling and the Network Branded Prepaid Card Association. That’s up from 35% in 2010, and it suggests that the enduring slow economy is leading to some cathartic moments in millions of households.

On the bright side, they’re totally crushing it when it comes to spending money they don’t have.

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    That last line is perfect.
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