Financial Literacy Month: Half of U.S. Adults Grade Themselves a C in Money Skills
April 2026 marks Financial Literacy Month, and new data shows nearly half of U.S. adults give themselves a C grade in financial literacy. Only 38 percent of Gen Z say they understand their money, and Americans collectively carry $1.39 trillion in credit card debt.
April is Financial Literacy Month, and the numbers show why it matters.
Nearly half of U.S. adults grade themselves a C in financial literacy, according to data released during the month. Only 38 percent of Gen Z say they understand their money, a figure that reflects a generational decline in financial knowledge.
Americans collectively owe $1.39 trillion in credit card debt as of March 2026. The average household carries $11,500 in credit card balances, and the average individual cardholder owes $6,500. Many people are one missed paycheck away from financial crisis.
The U.S. Senate designated April as Financial Literacy Month to raise awareness about smart money management. The Treasury Department, under Secretary Scott Bessent, said financial education "unlocks opportunity for every American."
Michigan Governor Gretchen Whitmer proclaimed April 2026 as Financial Literacy Month in her state, citing bipartisan legislation that now requires a personal finance class in the high school curriculum.
The FDIC is hosting a national event on April 22 titled "Money Smart Moves: Banker Led Strategies for Financial Education and Well Being." The SEC is highlighting financial planning tools on Investor.gov and conducting outreach for military members, veterans, older adults, and students.
In Baltimore, Virtuity Financial Partners is opening a new Financial Literacy Hub in Gaithersburg, Maryland, on April 25, focused on helping individuals, families, and business owners grow and protect wealth.
