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Bridging the Knowledge Gap: Why So Many Adults Are Still Learning Basic Life Skills
A 2020 report by the Standard & Poor's Global Financial Literacy Survey found that approximately 1 in 3 adults worldwide (about 33%) are financially literate
A 2022 Bankrate survey revealed that nearly half (48%) of first-time homebuyers said they did not fully understand the mortgage process, with many expressing confusion over terms like interest rates, down payments, and pre-approval
A 2022 study from Experian found that about 60% of Americans do not fully understand how their credit score works or how to improve it
According to a 2021 National Endowment for Financial Education (NEFE) survey, roughly 40% of U.S. adults do not feel confident about their ability to manage debt.
A 2019 Life Skills survey conducted by Guardian Life Insurance found that nearly 40% of millennials (ages 22-37) felt unprepared for major life events, including handling personal finances, buying a home, and making investment decisions.