The Importance of Financial Literacy

What the American education system lacks.

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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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