When it comes to money, knowledge is power. However, in the U.S., many adults still lack the necessary knowledge to effectively manage their finances.
Only 57% of U.S. adults are financially literate, according to a study by Marketwatch Guide, leading to potential financial losses for individuals.
According to the Financial Educators Council, Americans lost an average of over $1,500 last year due to financial illiteracy.
Today, financial information is readily available, even on platforms like TikTok.
Ashley Fox, CEO of fintech company Empify and former Wall Street analyst, now focuses on simplifying finance for a wider audience, including her 75,000 TikTok followers.
She discusses her journey of starting her own business, implementing Wall Street strategies in personal investing, and engaging with a new audience seeking financial advice with Scripps News.
