Category: Consumer Awareness, Financial Literacy

What consumers don't know can cost them money sense. Personal financial blunders can be costly. It's one of the reasons consumers may sign up for lessons in  managing their finances. In order for Americans to gain financial independence, education is a dire need. In fact, ersonName>Federal Reserve Board Chairman Ben S. BernankeersonName> endorses financial literacy as a solution for American consumers to make educated financial decisions and to enhance our current financial markets.

Various states across the South and East coast are launching financial literacy initiatives. In 2005, Virginia legislators mandated that both middle and high schools incorporate economics and financial literacy into class curriculum. Similar laws were passed in Texas and South Carolina. Financial literacy is in essential aspect of consumer awareness. Issues on choosing a savings account, setting up a retirement plan, health insurance, and managing debt are fundamental life skills.

To learn more about your money, managing financial issues, visit U.S. Financial Literacy and Education Commission or the Jump$tart Coalition.