Americans are struggling to manage their finances. Only 57% of adults in the United States are financially literate, according to the Milken Institute. While a majority of parents say they are responsible for teaching children about finances, 31% say they never talk to their children about the topic, according to a CNBC + Acorns and Momentive survey. Financial literacy advocates believe too many students don't receive any personal finance education in school, especially those in low-income neighborhoods. Only 12 states require high school students take personal finance as a standalone course to graduate, according to Next Gen Personal Finance. Studies show financial education makes a significant impact – improving rates of savings, lowering levels of debt, and increasing rates of asset accumulation. Research shows finance knowledge helps Americans make better decisions with their hard-earned cash. That's why advocates are fighting for more personal finance education in schools and at home.