Lack of Financial Education is the #1 Economic Crisis in the Country

Lack of Financial Education

Personal Finances is an often overlooked area even for educated families.

It cost Americans more than $307 billion in 2019.

Source: National Financial Educators Council Survey

Financial Illiteracy Costs

81% of American believe that financial education should be taught in schools.

Source: National Financial Educators Council Survey

Financial Literacy Survey

Result of Lack of Financial Education

40% of Americans don’t have the cash to pay for an emergency expense

25% have no retirement or pension savings

Less than 60% can answer at least three basic financial literacy questions correctly.

1 in 5 adults knows someone impacted by the opioid crisis.

About 25% of borrowers who attended a for-profit college are behind on student loan payments compared with about 10% who attended a public or private college

Source: Federal Reserve Survey of Household Economics and Decisionmaking

https://www.federalreserve.gov/consumerscommunities/shed.htm

https://www.forbes.com/sites/zackfriedman/2018/05/24/money-retirement-student-loans/#1b5c86d11059

65% of adults in the United States report using a saving account

15% of adults roll over $2,500 or more in credit card debt each month

6% of Americans between ages 18-26 are not optimistic about their financial future

Source: National Financial Educators Council

https://www.financialeducatorscouncil.org/financial-illiteracy-in-america/

Learn the Financial Concepts:

X-curve
X-Curve

How can one become financially responsible?

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secure your financial house
Financial House

What should every individual’s financial house look like?

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Lack of Financial Education
Rule of 72

What is the magic of growth by Compound interest?

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Cost Of Waiting
Cost of Waiting

What is the cost of procrastination?

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Wealth Formula
Wealth Formula

What goes into building wealth?

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8 Keys to Unlock Financial Security
8 Keys to Financial Security

What are the 8 Keys to Financial Security?

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