How Can we Do Better to Help Financial Literacy

The month of April is designated as financial literacy month to “highlight the importance of financial literacy and teach Americans how to establish and maintain healthy financial habits”; however research shows that financial literacy programs don’t work as it doesn’t lead to knowledge gain and doesn’t change behavior; some believe it is potentially insulting trying to push the idea that knowledge and behavior are the main causes of financial hardship; many people are fully aware of their financial problems and report them as a common stressor; Jennifer Tescher, the President & CEO of CFSI shares her thoughts on how to solve this problem. Source

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