finlitheader

Why is Financial Literacy important?

"Financial literacy is crucial to help ensure consumers save enough to provide adequate income in retirement while avoiding high levels of debt that might result in bankruptcy and foreclosures. A few years ago, a study from financial services company TIAA-CREF showed that those with high financial literacy plan for retirement and in essence have double the wealth of people who do not plan for retirement. Conversely, those with low financial literacy borrow more, have less wealth and end up paying unnecessary fees for financial products."


Source: Why Financial Literacy is So Important | Investopedia 

http://www.investopedia.com/articles/investing/100615/why-financial-literacy-and-education-so-important.asp#ixzz4t1Kywp9w 

THE KNOWLEDGE HUB IS A logo INITIATIVE. (C) 2017-2019.