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To kick off Financial Literacy Month, the National Foundation for Credit Counseling and the Network Branded Prepaid Card Association have unveiled the 2012 Financial Literacy Survey results.

In its sixth year now, the annual survey revealed that consumers still have a lot to learn when it comes to basic financial skills. The survey found that 56% of U.S. adults don’t have a budget, more than 77 million Americans don’t pay all their bills on time and 39% of adults carry credit card debt over from month-to-month.

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Peter Westerman

 

Credit Union Times

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