From Yahoo Finance: 2025-06-07 18:00:00

According to the TIAA Institute-GFLEC Personal Finance Index, half of American adults lack financial literacy. Financial YouTuber Humphrey Yang warns that intelligence can lead to poor money decisions. Yang explains biases that trap smart people into making bad choices, like authority bias and confirmation bias. Overconfidence bias can cause financial losses by overestimating knowledge and abilities. To avoid these biases, seek diverse opinions, question motivations, and compare predictions to reality. Stick to simple investing strategies to protect finances.



Read more at Yahoo Finance: Why Smart People Make Dumb Money Decisions, According to Humphrey Yang