A Lack of Financial Knowledge Cost Americans $1,819 in 2022

It's unfortunate that personal finance is a topic that's generally not taught in school (though many lawmakers are fighting to change that, and 25 states have actually introduced legislation to include personal finance in school curriculum). What's even more unfortunate is that a lack of personal finance knowledge can end up costing consumers money. A recent survey by the National Financial Educators Council found that a lack of financial knowledge cost the average consumer $1,819 in 2022.