Why is financial
education necessary?
uDevelops basic
personal financial management skills, including understanding of income, money
management, saving, investing, and managing expenses.
uThe ability to make
critical financial decisions.
uKnowing how to manage
money, use credit effectively, build wealth, and make good financial decisions.
uImproved financial
literacy, particularly early in life, results in a higher standard of living
over the long term, including retirement