understanding and using money wisely, especially important for young adults; only 24% of millennials are financially literate."
Millions of Americans struggle financially, lacking savings for emergencies. Financial literacy is crucial, enabling informed decisions for better futures.
Financial literacy is measured through knowledge and behavior, with tests like OECD's and surveys revealing gaps. However, it's a complex issue with no single definitive metric.
Financial literacy involves money management, saving/investing, and credit/debt. It's about budgeting, investing, and responsible credit use.
The US ranks 14th in financial literacy among developed nations, posing issues as it impacts informed financial decisions and long-term outcomes.
In 2019, 17 US states required high school personal finance courses, advocacy continues for broader adoption.
Financial literacy is key for informed money decisions. Resources can aid your journey. Educate yourself to reach financial goals. Share tips below!