Unless you studied finance, learning how to balance your checkbook, invest in stocks, and save for retirement is no easy task. A large swath of people in the U.S. simply don't know much about their own personal finance.
According to data from the S&P Global FinLit Survey, conducted by the World Bank, Gallup, and George Washington University, the U.S. was ranked 14th globally in its citizens' financial literacy. The research also found that just 57 percent of American adults are financially literate.
Thankfully, there are podcasts designed to solve the finance educational gap. For auditory learners, podcasts can be the perfect vehicles to learn more about your personal finance and, eventually, put that knowledge to good use and create more wealth. Here are a few of our favorites.
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1. The Financial Confessions
Screenshot of The Financial Confessions on Apple Podcasts. Credit: Screenshot: Apple Podcasts From the team that brought you The Financial Diet, a cross-platform media company from Chelsea Fagan that works to change the way we talk about money, The Financial Confessionsis a weekly podcast that breaks down what you need to know about finance. Every week, Fagan sits down with experts and influencers to talk about everything from divorce to reality TV stars to certified financial planners. It's a genuinely fun way to learn about finance without getting bogged down by vocabulary. This is perfect podcast for a beginner, or anyone who is a bit nosey about other people's vulnerable money experiences.
2. Under the Hood
Screenshot of Under the Hood on Apple Podcasts. Credit: SCREENSHOT: APPLE PODCASTS Do you remember the Robinhood fiasco of Winter 2020? Well, the personal finance app is more than just a company that pissed off a lot of users by blocking them from buying GameStop, AMC, Nokia, and Blackberry shares. They're also creators of a pretty fascinating podcast about how the financial system works, and how you can take advantage of it. Host and Robinhood CEO and co-founder Vlad Tenev interviews YouTubers, CEOs, athletes, technologists and more to answer some of the most pressing questions about personal finance today in Under the Hood.
3. How To Money
Screenshot of How To Money on Apple Podcasts. Credit: SCREENSHOT: APPLE PODCASTS How To Moneyis a podcast hosted by best friends Joel and Matt who provide the knowledge and tools that regular people need to experience personal finance growth. The episodes span from debt payoff and DIY investing to fun money tricks to help you save.
4. Go Out And Live!
Screenshot of Go Out And Live! on Apple Podcasts. Credit: SCREENSHOT: APPLE PODCASTS Go Out And Live!is perfect podcast for anyone trying to master their personal finance on a schedule. Host Michael Policar creates approximately 15-minute episodes on everything from diversification and stock splits to health care open enrollment and estate planning.
5. Bad With Money With Gaby Dunn
Screenshot of Bad With Money With Gaby Dunn on Apple Podcasts. Credit: Comedian Gaby Dunn wrote the book on how she went from $32K in debt to a personal finance connoisseur, and now she's sharing that intellectual wealth in her podcast Bad With Money With Gaby Dunn. The New York Timesbest-selling author examines the intersection of finances, feelings and our capitalist system in an attempt to bring social justice to conversations about personal finance by interviewing journalists, student loan experts, mutual aid organizers and more.
6. Planet Money
Screenshot of Planet Money on Apple Podcasts. Credit: SCREENSHOT: APPLE PODCASTS NPR's Planet Moneyisn't a podcast strictly about personal finance, but it does tackle some of the biggest questions in finance today: from explaining any current financial crises to asking wealth managers how individuals can diversify their investments to producing stories about a bunch of cheese manufacturers in Switzerland.