The Basics Of Financial Literacy

A financial safety net can help people navigate the ups and downs of life. Developing that safety net requires a measure of financial literacy that anyone can nurture.

What is financial literacy?

The United States Department of Education defines financial literacy as an understanding of how to earn, manage and invest money. That recognition can increase the chances that individuals make sound financial decisions, thus setting them up for long-term success and stability.

What makes financial literacy so important?

The benefits of financial literacy are not limited to theoretical notions such as...