They might have an undergraduate degree under their belts, but recent graduates are entering the real world lacking sufficient knowledge and education when it comes to money management.
According to a recent report by Finra’s Investor Education Foundation, 19% of Americans still spend more than they earn and 56% said they do not have "rainy day" funds that cover three months of expenses. What’s more, the report cites that a lack of financial education — mostly among younger workers in certain states — is the main reason many Americans have little in savings.