We’ve all had conversations about money that have come as a surprise. It’s probably not a shock that many Americans have no savings, no money put away for retirement and are riddled with debt, but unfortunately, this is how a big percentage of Americans live.
Hearing how others manage money can give you an ideas about your own financial state and whether you need to step it up in terms of saving and chipping away at debt. As long as you realize that changes need to be made, you can make an effort to improve your money habits.
The following statistics may be alarming, but use that as motivation to help yourself (and loved ones) to become better at money management. In honor of Financial Literacy Month, make it a priority to get your financial situation in order.