A Discussion on Financial Literacy and Economics - Providing the Necessary Tools for Diverse Financial Opportunities
Have you ever felt frustrated because you didn’t know how to invest your money, who to talk to, or how to manage your mone?
Well, financial literacy isn’t about being able to understand complex balance sheets or being an expert in wealth management. Someone once said, “Knowledge is power.” Knowledge gives us the ability to make effective decisions, if we are well-informed. Researchers at the Wharton School at the University of Pennsylvania discovered that more than one-third of financial and economic inequality in the U.S. can be accounted for by the differences in financial literacy. The groups that are most at-risk for being economically disadvantaged are also the groups with the least financial knowledge. Financial literacy is very important to individuals and is needed to make financially responsible decisions. These decisions are major factors that affect our everyday lives, the economic well-being of our communities, and our future generations.
1.0 CPE Credit