Financial literacy

Many U.S. citizens are financially ‘illiterate’ with respect to knowing how to manage and invest money.  Two thirds of U.S. adults don’t use a budget for personal expenses and one third don’t save their money. Only 17 of the 50 U.S. States require schools to teach personal finance in grades K-12 (1, 2).

online resources for youth

links to resources for parents and educators

Council for Economic Education

Jump$tart Coalition for Personal Financial Literacy 

Federal Deposit Insurance Corp.



1.  Kurt Ludlow, “Americans financially illiterate, poll finds”.  The Columbus Dispatch, pages D1,D6, 4/13/2014.

2.  2014 Financial Literacy Survey.  reported in March, 2014, by the Harris Poll on behalf of the National Foundation for Credit Counseling.

2 Responses to Financial literacy

  1. This is a serious issue that is facing our country. Do you have any thoughts on how we can reach out to others and inform them of how managing their money can change their lives?

    • Vincent. I agree that this is a serious issue. There’s no problem with finding the information and educational materials for people of all ages. The problem seems to be in creating an opportunity for more students to learn money management skills. There needs to be more training at the city, state, and national level through mass media (TV, internet, newspaper), school systems, community centers, non-profit organizations,libraries, and FAMILIES. People like us can be volunteer teachers, public advocates, and contributors to non-profit groups. I hope this helps you. Thanks for your question. Doug

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