Many still don't have a grasp on personal finances...
The economy may be on a firmer footing, but many American families are still in financial distress and lack the financial skills they need to climb out of debt, according to the fifth annual financial literacy survey released today by the national foundation for credit counseling. Although many Americans had tightened their belts during the recession, 26% are now spending more than they did last year and shedding some of their conservative spending habits, it's a sign of frugal fatigue says an FCC spokesperson. It seems they are burying their head in the sand, as more than half of adults do not maintain a budget or keep track of their expenditures, the survey says (USA Today 4/5/11). Join us for our Financial Peace University...a small group...led by Jonathon Muniz.
