If financial ignorance led us blindly into this recession, financial literacy can pull us out.

“Financial literacy is becoming increasingly required for people today,” said Morris Segall, president of Baltimore’s SPG Trend Advisors, an economic analysis and consulting firm.

“People just have to be more educated in terms of the agreements they’re getting into.”

However, a recent survey by the Center for Economic and Entrepreneurial Literacy (CEEL) indicates crucial gaps in financial knowledge.

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