“It’s not me that’s gained too much weight, it’s the other guy”. Or…more likely, …you are like so many Americans that aren’t acknowledging their poor fitness. From recent studies we learned that only about 50% of overweight Americans acknowledge they are overweight. It’s even worse with Americans that are categorized as obese. Only 15% of obese Americans acknowledge that they are obese.
We have the same issue with retirement readiness and financial literacy. Study after study shows that a vast majority of Americans are not only unprepared for retirement, but they couldn’t handle a routine financial dilemma of $1,000 or more. Yet, 60% of Americans would give themselves an A or B when it comes to financial literacy (80% received an F on a financial literacy quiz from USA Today). Again…” it’s not me. It’s the other guy who doesn’t know finances.”