Is America Financially Illiterate? The Numbers Are Alarming

Most Americans don't understand how the tax code works, and it's costing them. In this episode of The Deduction, host Kyle Hulehan sits down with Zoe Callaway, VP of Education at Tax Foundation, to talk about tax and financial literacy in America. They dig into the results of Tax Foundation's national survey on tax literacy, the most stubborn misconceptions people have about taxes (including one that nearly made a teacher turn down her own promotion), and what's happening in high school classrooms across the country. They also connect everyday tax confusion to bigger policy questions, from tariffs to tax refunds. 📧 Questions? Email us at podcast@taxfoundation.org 🐦 DMs: @DeductionPod on Twitter 💬 Drop a comment below! Support the show

You can listen to Is America Financially Illiterate? The Numbers Are Alarming online on Radio and Podcast. Open the player on this page to stream the available audio.

Is America Financially Illiterate? The Numbers Are Alarming is an episode from The Deduction by Tax Foundation.

This episode is 19:30 long.

This episode was published on Apr 28, 2026.

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