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Poor financial literacy cost the average consumer nearly $1,200 in 2017, according to a recent poll conducted by the National Financial Educators Council.

Poor financial literacy cost the average consumer nearly $1,200 in 2017, according to a recent poll conducted by the National Financial Educators Council.

With job gains amassing and take-home pay slowly but surely rising, Americans are feeling as good about how things are going than they have in years, an encouraging indicator for lenders coming to decisions on financing requests.

The typical U.S. household owes roughly $16,000 in payments on their credit cards, based on recent data crunched by NerdWallet.

It isn't just the unbanked and underbanked whose financial literacy may be lacking; the same can be said for much of the nation's citizens - banked or otherwise.