Being financially illiterate can lead to financial disaster, as it increases the likelihood of accumulating unsustainable debt burdens due to poor spending decisions or a lack of long-term planning.

Studies by the Global Center for Financial Literacy define the term as “a set of basic concepts that sit at the heart of financial decisionmaking, which include: numeracy and an understanding of ...

Banking fundamentals have not changed much in 100 years, but how savers interact with financial institutions is vital ...

Financial literacy is the capability to understand financial concepts and apply this skill in decisions related to savings, investment, and debt management. It is a lifelong learning process that ...

Understanding these terms and what financial literacy is all about helps you to manage your money so your money doesn't manage you ...

But one of the most forward-looking elements in the strategy is financial education. If financial services are part of the infrastructure of everyday life, education is how we ensure people can use it ...

Did you know that only 24% of Millennials demonstrate basic financial literacy? Understanding how to manage money is more critical than ever, especially for young investors starting their financial ...

Financial illiteracy costs the average American $1,015 a year. This isn't just some abstract statistic — it's real money lost to bad budgeting, high-interest debt, and missed chances to grow wealth.

April is Financial Literacy Month, and U.S. News found that many U.S. consumers lack general financial knowledge. About 53% of respondents don't know FICO scores are the scores lenders look at to ...

Say the word “finances” to some, and it might evoke a blank stare or an admission that the person doesn’t have the knowledge they would like. To raise public awareness about the importance of ...

Hawaii has recently adopted a measure to require high school students to take a financial literacy course in order to ...

Forbes contributors publish independent expert analyses and insights. Steph Tharpe is a journalist who covers Black enterprise and culture. Stephanie Tharpe: Cap Talk has now touched major creative ...