Posted by Financial Strategies Group in multi-generational planning, Newsletters, Personal Finance, Young Professionals 21 Apr 2022
Financial Literacy is Essential
Did you know that despite the fact that most of our days revolve around money in some way or another, less than half of the states in our country require High School or College students to take a course on personal finance?
This in turn leaves the burden of educating children on positive money habits to their families or in some cases, not at all. To even further complicate the situation, once these children have graduated from high school, they go out into the world and sign themselves up for debt (mainly credit cards and student loans) that they don’t even fully understand or have the means of attempting to pay off yet.
These reasons, along with many others, are why April has been designated National Financial Literacy Month.