Financial Literacy

Financial Literacy

What is Financial Literacy?

“Regardless of income, people need financial literacy.
That’s as true on the low-end as it is on the high-end,”

Michal Grinstein-Weiss, professor of social work at Washington University.​

According to the Government Accountability Office (GAO) financial literacy is: the ability to make informed judgements and take effective action regarding the current and future use and management of money. This includes:

  • The ability to understand financial choices.
  • Plan for the future.
  • Spend wisely.
  • Manage the challenges associated with life events such
    as a job loss, paying for retirement or a child’s education.

Why Is It Important?

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