The author brings awareness to the great disparity in finance knowledge among the different socioeconomic communities of America. Many citizens of small towns tend to be underbanked or unbanked. They end up paying unnecessary fees to cash paychecks or pay bills because they do not have access to obtaining a bank account. This article examples First Citizens National Bank’s efforts to combat financial exclusion and teach its communities about finances and offer financial services. This truly struck a chord and inspired me to help my small community of Oroville, and also spread this program and knowledge to other small, rural communities
The United States ranks 14th in the world in financial literacy
By: Caleb Silver
The United States has one of the best educational systems in the world, yet it ranks at a mere 14th place in financial literacy compared to the rest of the world. This lack of financial education can lead to a lot of problems, including the 4th highest debt per capita in the world. Only 25 states currently require a financial literacy class to graduate from high school. The article emphasizes the illiteracy in the US but also offers resources to help one start learning about finances and to start investing.
Mr. Engle provides a good overview of what inflation is and how it is caused for the beginner audience to get a better sense of how inflation affects our economy. The article gives an in depth analysis into the bits and pieces of what inflation means and also gives examples of how inflation could affect a family’s circumstance. Inflation is crucial to understand as we clearly have seen the cost of goods rise post Covid-19 pandemic. Awareness of the information presented can help individuals better understand how to deal with inflation in their life.
Here are 150 personal finance terms you should know
By: Jacqui Kenyon and Bria Overs
This article introduces key financial terms and concepts that are used in everyday life. The business insider journalist goes through the most important terms in alphabetical order, and lists a neat, concise description under each one of them. This is a very useful website to learn about financial terms that people may come across and I often use this site to help me with teaching my program as well.
11 Financial Words All Parents Should Teach Their Children
By: Jennifer Ryan Woods
Parents play an important role in teaching their kids about financial literacy, starting from their childhood, all the way to young adulthood. The writer identifies which finance concepts are important at which age, and emphasizes exposure as early as age four. As a student myself saving for college, I can attest that learning how to take care of money is a crucial life skill to have.
Visual Capitalist: 40 Stock Market Terms That Every Beginner Should Know
By: Jeff Desjardins
This broad list of forty stock market terms are clearly explained for beginners to understand. The author provides not only the concise term definition, but also adds a visual picture as an adjunct which is extremely helpful and allows one to better grasp these concepts. Becoming acquainted with these terms early on can allow for better grasping of concepts.