Managing money is an essential life skill, yet most U.S. adults would fail a financial literacy test. Consider the results of a survey meant to measure financial literacy, called the TIAA Institute-GFLEC Personal Finance Index. On average, U.S. adults correctly answered only 50 percent of its financial literacy questions in 2022. In other words: If…
Feed the Need for Financial Literacy
The demand for financial literacy education among high school students has increased in recent years. With ease of access to bank accounts and credit cards and fear of abuse, mishandling, or scamming, financial literacy has become a need for teenagers turning into adults. Only eight states have state-wide requirements for passing a personal finance course….
Commitment to Financial Literacy Creates a Pathway to Increased Financial Inclusion
Four essential financial skills that must be learned in life are: opening a bank account, building and maintaining credit, investing, and saving for retirement. The problem is that these essential four are rarely being taught alongside Science, Technology, Engineering, and Mathematics (STEM) and other subjects in schools as part of critical skills. But, this knowledge…
What Your Parents Never Taught You About Money
By David Delisle So, where do we even start? The idea of teaching financial literacy can seem overwhelming. Just the words, financial literacy, can bring up images of complicated math, charts, and boring lectures. Well, that’s the good news. Financial literacy doesn’t have to be difficult to teach. In fact, the most important lessons don’t…
An Orphan-Turned-Accountant Gives Back to Undervalued Communities
When he was 8 years old, Andre Henry became an orphan after losing his parents. At the time, he had been living in the projects in Chester, Pennsylvania. “Having to deal with that type of environment and living there on a daily basis was hard,” said Henry, 29, in an interview. The loss of his…
How to Teach Your Kids About Money
If you guys have been hearing the term “financial literacy” a lot, there’s a good reason—it’s one of the most important money-related topics! And that’s why April has been named Financial Literacy Month. I’m a huge believer in financial literacy for everyone, but this stuff is especially important if you have kids who are in…
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