Why Financial Literacy Alone Will Always Fail
by Brent Weiss, CFP®, ChFC®
Apr 24, 2022
3 minutes
April is financial literacy month, and it’s dedicated to educating people on basic money concepts such as budgeting, saving, debt, compound interest and investing, just to name a few. Given that only 57% of adults in the United States are deemed to be financially literate, it’s certainly something we need to address. Improving the financial literacy of all people is a noble cause, but many questions remain surrounding how to do it.
Google financial literacy and you will find that , no standardized way to measure it, and no consistent process to ensure people are
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