The Ever-Growing Need for Financial Literacy

Americans today are facing a myriad of economic challenges, from interest rates to job insecurity to inflation. This situation is exacerbated by the fact that there’s an alarming lack of financial literacy among the population at large.
Financial and higher education institutions have traditionally been proactive in providing this essential financial education to their Consumers. These efforts not only help improve financial literacy in the fundamental sense, but can also help change behavior – driving positive, real-world outcomes for those who participate. Moreover, these outcomes help drive the overall health of the institution and the communities they serve.
The financial landscape is growing ever more complex. With changing tax laws and new federal and state regulations, alongside unyielding technological advancements in data security, digital currencies, mobile accessibility, and privacy concerns, the economic environment is dramatically different from just a few short years ago.
The ways in which we work, play, and interact are in a constant state of flux, and differ widely as you move from metropolitan to more rural areas. Meanwhile, Millennial and Gen Z audiences bring their own unique attitudes and expectations to the table, which can place significant new demands on those who design and run such programs to make them more “current.”
If you’re looking to improve your financial literacy program, download our E-Book, “Crafting a More Effective Financial Literacy Program” to learn the top 5 areas you should consider in your financial literacy program.