A little over half of US adults are considered financially literate, while 15% of American adults are losing an excess of $10,000 due to their financial shortcomings, all according to Zippia research. Aces Advisors Founder and Managing Director Andre Jean-Pierre joins Yahoo Finance’s Brad Smith to detail the biggest mistakes Americans may be making with their finances and how they should be planning for the different stages in their life as they age.
"The younger generation and Millennials, as we go further into the information age, we’re seeing people who have more and more access to information, more and more access to proven strategies," Jean-Pierre explains. "But what I would advise in regards to that is that everyone has their unique journey to financial literacy and financial freedom — no two plans are the same, no two investment strategies are the same because everyone is their own individual and they’re not like anyone else."
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