Getting social to improve Gen Z and Millennial financial literacy
There are many instances in life where it’s OK to learn from making mistakes, but – speaking from experience – credit and personal finance are not times you want to do that if it can be avoided. In fact, the importance of understanding credit and personal finance in today’s fast-paced financial landscape cannot be overstated. This knowledge is paramount for financial well-being. As a financial services community, we have a responsibility to consumers who are looking to expand their understanding of important financial topics and improve their financial health. Yet, recent research shows personal finance knowledge gaps are leading to costly missteps for many Americans. In fact, a staggering three in five adults attribute their financial mistakes to a limited understanding of credit and pers...