Being financially illiterate can lead to financial disaster, as it increases the likelihood of accumulating unsustainable debt burdens due to poor spending decisions or a lack of long-term planning.

Tim Pawlenty, president and CEO of Financial Services Round Table and former governor of Minnesota, once said, “Financial literacy is an important part of avoiding financial mistakes and planning for ...

The simplified definition of financial literacy is understanding the topic of money. But what does this actually mean in an age when there are so many investment choices and economic challenges?

Financial literacy education in the United States has improved significantly in recent years. More than 90% of states incorporate elements of financial literacy into their school curricula, either as ...

Financial literacy is the capability to understand financial concepts and apply this skill in decisions related to savings, investment, and debt management. It is a lifelong learning process that ...

According to financial experts, one way to learn about money is to educate yourself about personal finance concepts. Specifically, making informed financial decisions can be achieved by reading books, ...

When the people shaping our culture don’t understand the business structures around their work, we all lose — not just economically, but culturally.

Financial illiteracy costs the average American $1,015 a year. This isn't just some abstract statistic — it's real money lost to bad budgeting, high-interest debt, and missed chances to grow wealth.

Financial literacy allows business owners to make well-informed decisions. By understanding financial statements and key performance indicators, owners can assess their company's health and make ...

MarketWatch. (2025, March 28). Financial Illiteracy and Its Impact on Your Wallet. MarketWatch Guides. https://www.marketwatch.com/financial-guides/banking/financial ...