The National Foundation for Credit Counseling recently published the results of their annual Consumer Financial Literacy survey.
As reported by finance.yahoo.com, the highlights include:
- Since 2007, more than two in five adults now keep track of their spending, an increase of 39 percent. However, more than half don’t have a budget and more than 11 million adults don’t know how much they spend on food, housing and entertainment.
- Adults with non-retirement savings have gone up from 63 percent in 2007 to 67 percent in 2010, but three in ten report they have no savings and only 24 percent are saving more now than they were a year ago. Nearly two in five (39 percent) Gen Y adults–the most of any group–report having no savings.
- Nearly two-thirds of adults (65 percent) have not ordered a copy of their credit report in the past year. You can get a free credit report once a year from each credit reporting bureau at: annualcreditreport.com.
The full results from this survey are available at the NFCC web site.
