Are Americans Finally Getting Smarter About Money?
Personal finances are in better shape, but that doesn’t mean we know how it all works.
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Over the past decade, Americans got a crash course in money management. The financial crisis and the great recession offered a ton of lessons—the dangers of debt being a big one—while making it impossible to ignore the topic of finance.
That’s still the case today—just look at the popularity of movies like Wolf of Wall Street and The Big Short. But has it helped? A new study does show more Americans are getting their financial acts together. The question is whether they’re getting smarter or just a little wealthier thanks to a stronger economy. The survey of more than 25,000 Americans by the Finra Investor Education Foundation suggests they may be as confused as ever.