FINANCIAL LITERACY NOW
Financial Literacy Now is dedicated to financial literacy education and financial wellbeing. We strive to reduce financial inequality by providing financial education opportunities for those who need it most.
We prioritize access, equity, and financial empowerment, believing that everyone should have the skills and knowledge they need to lead financially secure lives.
According to financial literacy statistics, only 27% of Americans have a financial plan and fewer than one in five have taken financial education classes. This means that most people are missing out on the financial knowledge they need to make informed decisions. This lack of financial knowledge is especially true for younger generations and minority groups, who are disproportionately affected by financial instability.
ACCESS TO FINANCIAL EDUCATION
In 2021, financial literacy is more important than ever. With the financial fallout of the pandemic, it’s essential that everyone has access to financial education and resources so they can make informed decisions about their financial future.
FIGHT AGAINST FRAUD
Nearly 84,000 Americans reported new account bank fraud in 2021, and financial literacy can help people better protect themselves from financial scams and fraud.
IMPORTANCE OF FINANCIAL DECISIONS
Only 32% of U.S. households prepare a monthly budget, meaning financial decisions are often made without a full understanding of the financial implications.
Your level of financial literacy plays an important role in financial wellbeing. When you are living paycheck to paycheck, financial literacy can help you understand and manage your financial health. With an improved understanding of financial topics like budgeting, saving, investing, and debt management, it is easier to make financial decisions that will benefit you in the long run.
Get to Know Our Sister Organization
Finance Strategists is a leading financial literacy non-profit organization priding itself on providing accurate and reliable financial information to millions of readers each year.