Americans are not good at maximizing their financial outcomes by minimizing financial errors. This is not likely a surprise.
Below are excerpts and charts from the Federal Reserve’s annual ‘Report on the Economic Well-Being of U.S. Households in 2017’ that we found interesting.
https://www.federalreserve.gov/publications/files/2017-report-economic-well-being-us-households-201805.pdf
Take a look