According to 2017 research by the National Foundation for Credit Counseling (NFCC), only 40% of adults have a budget, and 80% of adults agree they could benefit from advice and answers to everyday financial questions.
Who needs financial education? Is it only important for the poor? Or maybe just for the wealthy? It’s so easy to think that financial literacy is important for this group or that group, but in reality—it’s important for EVERYONE. And in our society, the knowledge gap can be seen in young and old, poor and rich, and male and female.
Here are four reasons why financial education is important for everyone, regardless of their background:
Now that you know financial literacy is important for everyone, are you ready to improve your financial knowledge? We have a great solution for you! Over the next few months, we will be offering financial education seminars to provide relevant and practical information to our community. Click here to learn more about all of the classes and register.
National Foundation for Credit Counseling, 2017 Infographics, https://nfcc.org/wp-content/uploads/2017/05/2017-FLS-Infographic.pdf
Associated Press, Poll: Two-thirds of US would struggle to cover $1,000 crisis, http://www.apnorc.org/news-media/Pages/News+Media/Poll-Two-thirds-of-US-would-struggle-to-cover-$1,000-crisis.aspx
Written by: Melissa Stewart
Melissa Stewart is a wife, pup-mom, and the Marketing Director at ēCO Credit Union. In her spare time, she enjoys spending time with family and friends, reading, and hunting for Rae Dunn.