A recent survey by Credit Sesame has cast a bright spotlight on the financial literacy landscape, especially among marginalized communities. The findings are quite telling: while 65% of marginalized non-white individuals reported never receiving financial education, only 41% of white Americans could say the same. This gap in financial knowledge is not just a minor issue — it’s a major barrier to economic empowerment.
So, what can we do with this information? Well, for starters, understanding some core financial principles can significantly impact our lives and our budgets. Here, Richard Barrington, a financial analyst for Credit Sesame, shares five must-know financial tips everyone should learn.
This post originally appeared at The Motley Fool.