The Importance of Financial Literacy Education

Friday, November 22, 2013
USA Today recently published an article about the renewed focus on financial literacy education in the aftermath of the economic and housing crisis. Highlighted was a 2012 National Financial Capability Study, which found that 61 percent of adults surveyed were unable to correctly answer more than three out of five questions relating to economic and financial concepts. Many states are beginning to recognize the importance of financial literacy, and are adopting personal finance programs as part of their education curriculum to help students develop money management, savings, and investing skills. Learning how to effectively manage your finances and create a realistic budgetary plan is crucial, especially when it comes to making major financial decisions, such as purchasing a home or taking out a loan. Regardless of your age or circumstance, the terms and jargon can often times be confusing and difficult to fully understand on your own. HPF’s team of trained, professional counselors are dedicated to helping consumers sort through their finances. They look at your entire financial picture and can make a holistic financial plan.  Our counselors provide a wide variety of assistance on everything from debt management and budget plans, to foreclosure and mortgage challenges, and are available 24 hours a day, 7 days a week via our HOPE Hotline at 888-995-HOPE (4673).