April 1st marks the beginning of Financial Literacy Month in the United States. Many countries around the world have months dedicated to increasing financial literacy. Tell us in the comments of on social media when this month is in your part of that world.
Why the big push for financial literacy (whatever that means; don’t worry we’ll explain it on the next paragraph)? Well because billions of people around the world, YES Billions with a B, are not financially literate and it’s a contributing factor to poverty and economic inequities. Many countries claim to want to fix this and have gotten behind these once a year movements to do something. And no the self-proclaimed best country in the world is not doing better than everyone else when it comes to having financially literate citizens…
The reality is that many people who live in the US are not financially literate or put another way they don’t fully understand the language of money. That lack of understanding is what leads to having a financial mess on your hands. Let’s be clear though – IT’S NOT THEIR FAULT!
Nowhere in the education system in this country is financial literacy CONSISTENTLY taught. That one glaring absence leads to almost half of the population not knowing things that are key to keeping your bank accounts and overall finances in the black.
Think we’re kidding? Take the quiz on the website above and then post your score in the comments below if you’re brave. Are you financially literate?
If you get a score that you feel is too low to post, here’s how you change it. Register for this free course happening TONIGHT at 8 PM EST and increase your financial literacy in record time!