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Financial Literacy Month is being observed in April 2014.<\/p>\n<\/p>\n
This is an excellent time to recognize the important role that financial literacy plays in individual economic security and the financial health of the nation. Many Americans are not well-informed about important financial issues that affect their everyday lives. Schools, parents, government agencies and financial institutions and advisers all have a role to play in helping to increase knowledge and understanding of critical economic issues.<\/p>\n<\/p>\n
The overall lack of financial literacy among the general public is evident from a number of surveys. In one study conducted by the TIAA-CREF Institute, people over 50 years of age were asked three general financial questions. To be able to provide the right answer, they would need to understand the basics of inflation, interest rates and risk diversification. Only about one-third of the people answering the survey got all three questions right.<\/p>\n<\/p>\n
Individuals wishing to test their own financial (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Financial Literacy Month is being observed in April 2014. This is an excellent time to recognize the important role that financial literacy plays in individual economic security and the financial health of the nation. Many Americans are not well-informed about…<\/span><\/p>\n