April is Financial Literacy Month, an effort to increase financial understanding in the U.S. But while Americans definitely need some help to better understand money, Financial Literacy Month isn’t the answer.
According to a 2015 S&P Global Financial Literacy Study, the U.S. ranks 14th in financial literacy; nearly half of the population rates as financially illiterate. The ability of Americans to understand the financial world and properly manage their finances is intrinsically tied to the prosperity of the American economy.
