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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: , , , , , , , , , ,

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