Huge numbers of Americans approaching retirement age have not saved nearly enough for their later years. The Federal Reserve reports that Americans carry more than $2 trillion in consumer debt — nearly $8,200 in debt for every man, woman and child. Four in 10 Americans have less than one month’s income in a bank account for emergencies. About three in 10 consumers say they have no extra cash and live from paycheck to paycheck.Why are so many adults in such poor financial shape? Possibly in part because they never became financially literate while young. And as a society, we still
