Being financially illiterate can lead to financial disaster, as it increases the likelihood of accumulating unsustainable debt burdens due to poor spending decisions or a lack of long-term planning.

Add this to the growing list of calls to action for the advice industry. It is no longer enough to treat financial literacy ...

Financial illiteracy costs the average American $1,015 a year. This isn’t just some abstract statistic — it’s real money lost to bad budgeting, high-interest debt, and missed chances to grow wealth.