Improve Financial Literacy
May 10, 2020 06:12PM
By Kirsten Klug
We are interested in changing these statistics so that people earn more and keep more of their money.
Did you know? The average American adult spends more than $5,000 on unnecessary items each year, like lottery tickets, lattes, and fast food–and over half of them have less than $1,000 in a savings account.
1. Scarcity of Financial Education - There is both a void of effective material and a lack of trained educators that prevent the vast majority from learning the financial concepts and strategies they need to know.
2. The Financial Industry Itself - An illiterate society is easily taken advantage of by those who know how to leverage the ignorance and foolishness of others to construct their own wealth.
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