What is one potential outcome of poor financial literacy?

Poor financial literacy can lead to reduced savings habits over time, as individuals may not understand the importance of saving or how to effectively manage their finances. Without a foundational understanding of budgeting, expenses, and the benefits of saving, individuals are more likely to struggle with setting money aside for future needs, emergencies, or long-term goals such as retirement. This lack of knowledge might result in impulsive spending, high debt levels, and an inability to identify opportunities for saving.

In contrast, the other choices represent outcomes that are typically associated with good financial skills and knowledge. Increased knowledge about investments and improved decision-making skills are hallmarks of effective financial education, while higher chances of starting a successful business often require a solid grasp of financial principles, budgeting, and investment strategies. Therefore, option B clearly reflects a significant consequence of inadequate financial literacy.