Vitality and Money: Communities and Financial Literacy

Financial literacy, the ability to understand the value of financial management and how credit works, is one of the most important skillsets individuals will need over their lifetime. Through financial literacy, individuals and families will be able to better manage their financial lives and build assets for life events including buying a home, creating savings, building an emergency fund, and financing their child’s education. Additionally, children will learn the value of financial literacy by watching their parents’ actions and build financially responsible habits. Recent studies indicate that 44% of Americans go to their family members for financial advice, 28% have no one to talk to, 7% talk to their friends,…

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