Americans lack critical knowledge about their personal finances, according to survey results released on April 1 as National Financial Literacy Month got underway.

The National Foundation for Credit Counseling said its eighth-annual Financial Literacy Survey found that 61% of U.S. adults – the most in six years – say they do not have a personal budget. It also found that 34% carry monthly credit card debt and that 15% of U.S. adults, more than 35 million people, said they roll over more than $2,500 in such balances monthly.

The survey was conducted in March by Harris Poll among 2,016 Americans 18 and older.

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