6/27/23 – Opinion: It’s Time to Fix America’s Financial Literacy Problem

Opinion: It’s Time to Fix America’s Financial Literacy Problem

By Helaine Zhao, Student at Pacific Academy. Pacific Academy. Irvine, CA

June 21, 2023 | highschool.latimes.com

One of the greatest challenges our society faces today is a lack of financial literacy and education, which results from inadequate awareness of and action on being financially healthy.

According to Forbes, only “four in seven Americans can be categorized as ‘financially literate’, and only 24 percent of millennials understand basic financial concepts.”

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