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Most Americans Would Benefit From Finance Advice, Says Survey

Four-fifths, or 80 percent of participants in a recent financial literacy surv

Four-fifths, or 80 percent of participants in a recent financial literacy survey indicated that they would benefit from getting input from finance professionals on everyday matters, according to a statement. The poll was commissioned by the National Foundation for Credit Counseling (NFCC) and the Network of Branded Prepaid Card Association.

The fraction of people expressing this opinion was 4 percent higher than the number of people who took part in the same survey in 2011, the media outlet reports.

"In the same survey, 44 percent of respondents gave themselves a grade of C, D or F in their knowledge of personal finance skills," Gail Cunningham, spokesperson for the NFCC, said in the statement. "Considering the complexity of today's economic environment, it is not surprising that an increasing number of people are hungry for concrete answers to their financial concerns."

The NFCC provided common questions as well as concise answers to those inquiries in the statement. One common question is how people can either establish their credit or improve their existing credit. The NFCC advised that people looking to achieve this task start slowly, utilizing items like gas cards and credit cards provided by department stores.