Adult Financial Literacy
It’s been said we live in an information-driven age, meaning we have the ability to transfer freely, and to have instant access to knowledge that would have been difficult or impossible to access previously. Nowhere is this more evident than in our economy, which is driven by the manipulation of financial information. However, the recent near collapse of the world’s financial system due to the collapse of the housing bubble and subsequent credit crisis is but the latest example of the importance of financial literacy in this information-driven age. These events have created a financial crisis for many American families who have lost a substantial portion of their accumulated wealth and are unsure about how they will finance their kids education and their future retirement. While we can only speculate how much better off we would have been with an increased knowledge of financial matters, nevertheless, it’s fair to say access to more knowledge would have made a difference.
To that end, we have culled together a number of articles with the express purpose of putting financial knowledge at your fingertips. In these articles, we explore the importance of saving for your child’s education to saving for retirement. In each case, we highlight the positive affect of time and the importance of compounding interest on savings. In addition, we discuss a recent phenomenon, identity theft. In this information age, we share a great deal of personal information over the internet, which leaves us vulnerable to identity theft. We offer helpful and practical suggestions for safeguarding your identity. Similarly, we provide helpful and practical suggestions on protecting your credit rating and why protecting your creating rate is important to your financial wellbeing.
We invite you to use this site as a jumping off point for continuing your research on these important topics with the goal of becoming financially savvy. The more informed you are, the more likely you are to make good financial decisions that will positively influence your future. Good luck in your quest to becoming more financially literate.