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What is Financial Literacy
“Financial literacy is the possession of skills that allows people to make smart decisions with their money and ultimately their credit. When you have this skill set, you’re able to understand the major financial issues most people face i.e., emergencies, debts, investments, and beyond. Financially literate people know their way around a budget, know how to leverage credit.
Here is also what we know regarding financial literacy – based on the stats that we’ve already considered, it’s fair to guess that most people don’t know how to handle their money, or on how to address their credit scores. And while there’s no one sure way to measure how many people are financially literate, the mere fact 79 million people have a credit score lower than six hundred is an indicator.”
“Financial literacy is the possession of skills that allows people to make smart decisions with their money and ultimately their credit. When you have this skill set, you’re able to understand the major financial issues most people face i.e., emergencies, debts, investments, and beyond. Financially literate people know their way around a budget, know how to leverage credit.
Here is also what we know regarding financial literacy – based on the stats that we’ve already considered, it’s fair to guess that most people don’t know how to handle their money, or on how to address their credit scores. And while there’s no one sure way to measure how many people are financially literate, the mere fact 79 million people have a credit score lower than six hundred is an indicator.”