Financial Literacy, Education, and Health—What Is it and Why Is it Important?
Financial literacy is a term and phrase that has been bantered about quite a bit following the financial crisis, but what exactly is it and what does it mean for you? Literacy, at its core, represents the ability to understand something and interpret the information that is presented to you; financial literacy is merely an extension of this concept focusing on financial terms and ideas. The ability to understand and use the financial information available to people in the marketplace is essential—as we will discuss later on there are many pivotal life events that can have a dramatic effect on your personal finances and financial health. Literacy, however, is ...
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