The Importance of Financial Literacy

How being well-read can keep you in the black

“No skill is more crucial to the future of a child, or to a democratic and prosperous society, than literacy.” This is a quote from a wonderful piece that ran in the L.A. Times in the late nineties on getting people to read. While the article was referring to general book literacy, I’d argue that this quote is just as valid when speaking of one’s financial literacy. Indeed, a basic understanding of money, the economy and their role in shaping our world is increasingly critical as the general cost of living continues to balloon. (continue reading)