Free Financial Literacy Resources
Build financial knowledge to achieve your goals.
April is National Financial Literacy Month, a month dedicated to helping people build financial literacy. With that in mind, Consolidated Credit has put together these free financial literacy resources to help you expand your knowledge.
How Much MONEY is Financial Illiteracy Costing YOU?
Financial Illiteracy is estimated to be costing American adults $352 BILLION nationwide. With younger generations knowing less and less about basic financial concepts, the burden is on you to educate yourself and your family. If you feel that you are struggling with financial literacy, head over to ConsolidatedCredit.org or a host of free resources we put together for Financial Literacy Month!
The National Financial Educators Council conducted a survey to see how much financial illiteracy cost people. Of the 3,389 respondents, the average estimated cost was $1,389 dollars. If we use this to represent the 254 million U.S. adults, the estimated loss is $352 billion dollars. That number may sound high, but not when you consider that just four in seven American adults can be considered financially literate, and that lack of financial knowledge may become a generational problem. Only 24 percent of millennials aged 26 to 41 understand basic financial concepts and 8 in 10 American teenagers don’t have a savings account. While there has been significant growth in employer-based financial literacy programs since the start of the pandemic, it’s ultimately up to you to educate yourself and your family, because education is key to financial stability.