Financial Literacy in the Time of Coronavirus

May 1, 2020

April was the 20th anniversary of Financial Literacy Month in the US. This year, the movement was overshadowed by the global coronavirus pandemic and has many wondering if financial literacy matters in the current environment. It matters more than ever! A new survey from the National Endowment for Financial Education (NEFE) finds that nearly nine in 10 (88 percent) Americans say the COVID-19 crisis is causing stress on their personal finances. Read more

It’s Time to Get Serious About Financial Literacy

April 1, 2017

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.

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Raising Financially Fit Kids

January 1, 2011

Did you know that 75% of parents think teaching kids about money is a moral imperative, but only 36% report knowing how to do so[1]? These statistics speak both to the perceived importance of the task and to the high level of financial illiteracy in our country. 

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