Financial Literacy Statistics
As essential as it is in everyday life, you would think more focus would be paid to financial literacy education in America. After all, without a grasp of basic financial concepts, it can be almost impossible to achieve financial stability and avoid problems like debt.
Unfortunately, financial literacy is not a focal point in most school curriculums, placing the educational need directly onto families. As a result, parents who were never taught the right lessons often struggle to provide adequate lessons to their children. It’s a cycle that has many slipping through the proverbial financial cracks and encountering the same financial challenges their parents faced later in life.
With that in mind, Consolidated Credit – in conjunction with government agencies and other nonprofit organizations – strives to provide free financial literacy resources. At the same time, we’ve also searched the web to find relevant U.S. financial literacy statistics, to see just how much of an issue financial education remains for most Americans.