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There's a good chance that no one ever formally taught you how to deal with your finances. Whether it be via television, or word-of-mouth, parental guidance, or the Internet, financial education is patchy at best.
Back in 2012, we held a roundtable on financial literacy... and the lack thereof. Then Undersecretary of the Office of Consumer Affairs and Business Regulation, Barbara Anthony, had just surveyed 400 Massachusetts consumers to find out how much people actually know about their finances. And as Anthony told us, there were some significant gaps.
As of 2016, the Office of Consumer Affairs and Business Regulation no longer does this survey.
This segment aired on November 25, 2016.