CNBC – Michelle Fox
“To achieve financial success, knowledge is key. Yet many Americans lack financial literacy. That can impact everything from the amount of money saved to debt owed. The situation is dire for more than a few. More than half of Americans can’t cover a $1,000 emergency expense with savings, a January survey from Bankrate found. Meanwhile, about 20% of employees run out of money before their next paycheck, according to Salary Finance. That’s up from 15% last year.” (more)