Being financially illiterate can lead to financial disaster, as it increases the likelihood of accumulating unsustainable debt burdens due to poor spending decisions or a lack of long-term planning.
Today’s high school students handle more financial complexity than previous generations, juggling digital banking, investment apps, student loan decisions, and new payment technologies. This creates ...
Two separate reports out recently both paint a bad picture of falling financial literacy rates in the U.S. The Journal of the Economics of Ageing published research in March that found literacy scores ...
Financial illiteracy costs the average American $1,015 a year. This isn't just some abstract statistic — it's real money lost to bad budgeting, high-interest debt, and missed chances to grow wealth.
Hawaii has recently adopted a measure to require high school students to take a financial literacy course in order to graduate.
Financial literacy isn’t widely taught in schools, and many people carry this crucial knowledge gap with them throughout their lives. In the U.S., financial literacy has been stuck for years at around ...