Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. It's the foundation for a lifetime of financial wellbeing and independence.
Being financially literate helps individuals make informed decisions about their money and plan for both short-term needs and long-term goals. This knowledge empowers people to navigate complex financial systems, avoid debt traps, and build wealth over time.
of American adults are financially illiterate, struggling with basic financial concepts
of Americans couldn't cover an unexpected $500 emergency expense without going into debt
of adults live paycheck to paycheck, regardless of income level
Source: Various financial literacy surveys, 2022-2023
Learn how to track expenses, set financial goals, and make your money work for you.
Understand how credit scores work, interest rates, and strategies for managing debt.
Discover the importance of saving and how to build a financial safety net.
Explore retirement planning, investing basics, and long-term financial strategies.