Financial Literacy

Financial literacy is of vital importance to the American public. Without learning the ins and outs of financial literacy, you’re never really taught how to manage finances in the real world and it’s something that you’ll use day in and day out.

The upsides of strong financial literacy include being able to better perform on budgeting, saving, investing for the future and understanding the value and opportunity cost of money. A lack of financial literacy makes consumers more likely to be thrown into the wilderness of today’s financial jungle without a foundation to go off of.

Financial Knowledge

Financial knowledge be related to anything in the financial services industry. It can refer to knowledge about equities to budgeting knowledge and tax incentives. Financial knowledge can be a key to an earlier retirement for many consumers. This could potentially mean older consumer enjoying their golden years and being able to retire early but also enjoy financial freedom. Knowledge valuable in that it give consumers freedom.