Americans lost an average $1,000 to financial errors last year — 3 major money mistakes to avoid now First, the bad news.
Americans lost nearly $1,000 last year because they’re making avoidable money mistakes, according to data from the National Financial Educators Council
The reason? Their lack of personal finance knowledge. Throwing money down the drain doesn’t feel great, but there’s good news too.
Americans are improving their money know-how. Last year’s loss of $948 per American is an improvement over 2022’s $1,800 loss average. Must Read Three specific financial mistakes accounted for the most errors.