Being financially illiterate can lead to financial disaster, as it increases the likelihood of accumulating unsustainable debt burdens due to poor spending decisions or a lack of long-term planning.

The financial educators council says that on average, americans lost an average of $1,500 last year due to financial illiteracy. That could be because of credit card interest and fees, overspending, ...

Student loans. Credit cards. Buy now, pay later. Traditional IRAs, Roth IRAs, and 401(k)s. Fixed-and adjustable-rate mortgages. This list scratches the surface of complex financial decisions and ...

Detroit — A $1.5 million donation to Detroit's Denby High School will fund literacy efforts at the school. The donation from the A. A. Van Elslander Foundation for the Beyond Basics literacy program ...

If you know the difference between a ‘Growth’ vs a ‘Conservative’ fund; or between investing in a fund vs individual shares, you probably pride yourself on being financially savvy. Well done! My next ...