Why This Matters…
The Problem…
The Problem…
39% of millennials worry about their financial future “at least once a week.”
— Fidelity study
46% of Americans have less than $10,000 saved for retirement.
- Employment Benefit Research Institute
More than half of millennials (about 54 percent) say debt is their “biggest financial concern.”
— Wells Fargo Study
HR professionals indicated financial worries continue to contribute to employee stress on the job.
—MetLife
The National Financial Educators Council asked 1,101 young adults aged 18-24 “What high school-level course would benefit your life the most?”
The majority (51.4%) responded “money management” as the high school-level course they thought would be most beneficial to their personal lives. 99% confidence interval and a less than 4% margin of error.
FINRA Investor Education Foundation State Financial Education Mandates.
Three years after implementing a financial education mandate in Georgia, Idaho and Texas, all three states examined saw increased credit scores and lower delinquency rates on credit accounts.
FINRA Investor Education Foundation State Financial Education Mandates.
Financial decision-making can be influenced positively by presenting high-quality, non-complex information; providing incentives for good decisions; and facilitating the best use of available information in real-life situations.
Altman M. Implications of Behavioural Economics for Financial Literacy and Public Policy as reported in the National Financial Capability Strategy.