(InvestigateTV) — A recent Nerd Wallet study found 47% of Americans lack confidence in their financial decision-making.

The study also found that financial skills tend to increase with age, income and education.

Melissa Lambarena, personal finance expert at NerdWallet, said 30% of Gen Zers say they are confident in their ability to make good financial decisions, compared to 39% of millennials, 47% of Gen boomers.

“However, many of us do not receive financial education in schools,” Lambarena said. “It’s something that we determine as we go forward based on different financial needs or different milestones that we need to meet. And many times we have to figure it out on our own or refer to online sources that don’t always have the best or most correct information.

Lambarena said there are many ways to build financial confidence. People can refer to their bank or credit union for online resources or even workshops that could teach them how different financial products might work.

Libraries sometimes also organize these workshops.

“There are also free or inexpensive apps you can use to stay on top of your finances and learn healthy financial habits,” she said. “Financial planning associations may also offer free pro bono services if you qualify. »

Those looking for financial information online should remember to check sources and do their research. They should also consider reaching out to a reputable professional who has the appropriate certifications to advise them, such as a good financial planner.

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