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The financial state of many Americans is not where it should be. According to a Mind over Money survey, more than three in four Americans feel the pressure, with 77% reporting they are anxious about their money situation. The majority of people are so preoccupied with money that they can’t control it or even relax when making decisions around the topic. The current economic climate has only made the situation worse.
Two-thirds of the country is struggling with money issues: Not having enough for retirement or keeping up with cost-of-living expenses are everyday worries among a lot of men and women. Though there are many reasons for this, one major contributing factor is lack of awareness.
Why financial education and literacy is crucial for everyone?
Financial education is a broad term that can be defined as any learning that helps people make…