April is National Financial Literacy Month, and according to the stats, most of us could use a refresher in financial education. A study conducted by FINRA Investor Education Foundation revealed that only 34% of Americans could ace a quiz on basic financial literacy topics such as interest rates, inflation, and mortgage rates. The lack of financial literacy can lead to devastating consequences. In fact, 62% of U.S. adults report having credit card debt and a quarter have nothing saved for retirement.
We believe that anyone can be an advocate for the cause, which is why we’d like to challenge YOU to join us by making change with one (or many!) of these five simple ways:
It’s never too early (or too late) to start making an impact on financial illiteracy rates. Even a small step now can pay huge dividends in the future for your family, your community, and even yourself.
Tell us how you are joining in by using the hashtag #LetsGetFinLit.