financial illiteracy

The Risk of Financial Illiteracy

April 29 The Risk of Financial Illiteracy

By Neil Johanning, Treasurer for New York State PTA.

Background – Where we are, the issue of financial illiteracy

There is considerable evidence that financial illiteracy has reached record proportions. Financial illiteracy has contributed significantly to a lower standard of living in general for many Americans. Financial illiteracy can result in poor saving, poor spending, excessive credit card use, and bad investment decisions. The stress of financial insecurity in families can lead to divorce, suicide, domestic violence and other crimes. Read more…

POSTED: April 29, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , ,

Saving the Young: A Tale of Financial Literacy

April 19 150x150 Saving the Young: A Tale of Financial LiteracyBy Lihi Yusufov

For 16 years, I have had the privilege of being surrounded by financially literate people. My parents know how to handle their finances, and of course, make sure I do too.  My family carries an entrepreneurial spirit through owning a couple of businesses and starting their own ventures. Because of this, I gained a business perspective when venturing through life. I have worked in various fields and noticed that with every field comes a certain expectation of financial literacy. When I interned at a law office, I realized how pertinent finance was in this industry. Without financial mastery, the business would be incapable of sustaining itself. I became aware of this at an early age in my life. However, I noticed that many Americans still struggle with financial literacy. Read more…

POSTED: April 21, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , , , , ,

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