April is financial literacy month. Financial literacy is an understanding of money – how to make it,
how to manage it, how to invest it, and how to give back. Understanding money and how it works has
never been more important. The collective debt burden of United States citizens is $11.5 trillion dollars. This is 75% of US GDP. Only the United States and European Union have a consumer debt-to-GDP ratio this high. College loan debt is on the rise and now totals over $1 billion dollars. 38% of adults don’t think they’ll have enough to retire. Since 1 in 3 people have no retirement savings, they’re probably right.
