Alabama, USA pushing for financial literacy to benefit future generations
The Times-Daily.com based in Florence, Alabama, has recently published an article entitled “The push for financial literacy can benefit future generations;” an article which centres on the failure in the US to educate citizens and children about handling money. The article opens up by saying that only a paltry 4.2% of the population have any savings.
The article, published in the Times-Daily.com newspaper, refers to how uncomfortable many people are when it comes down to talking about their financial situations. The same is true even of family members all living in the same household and this reluctance to talk freely about money has created something of a stumbling block, meaning that many children grow up knowing little or nothing about managing their money, their debt, and spending within their budgets. The article refers to the fact that as a result, many do not know how to balance their cheque books or even reconcile their monthly bank statements.
Sweet Home state of Alabama adds personal financial instruction to school syllabus
Adding personal financial awareness and instruction to school syllabuses is perhaps something that should be adopted more widely. Having good numeracy skills is one thing, but knowing what you need to know in order to compare the terms of the various offers that the various lending establishments make, is something else.
Wonga helps potential lenders to work out if they can afford a loan or not
The informative article that Wonga SA has compiled tells readers what the difference is between good debt and bad debt, and together with illustrations, helps readers to work out for themselves whether they can afford the debt they are considering. It’s an important tool that potential lenders could and should use to their best advantage.