The Importance of Financial Literacy

What the American education system lacks.


Photo by Jp Valery on Unsplash

Financial Literacy

It Affects All of Society

It’s no secret Americans fall short when it comes to financial literacy. In fact, only 57% of the U.S. adult population is financially literate, which is only slightly higher than that of Botswana, whose economy is 1,127% smaller. Financial illiteracy affects every part of society. The irony lies within us — although the US is regarded as a financial superpower, the very own citizens in America are ignorant when it comes to managing or planning for their prospective finances.

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