We live in one of the most educated countries in the world; however, many of our finest members of society have no concept of how money works. Marriages are breaking up from financial debt. Families in this country are one illness or job loss away from bankruptcy.
A lack of understanding about financial literacy impacts families, communities, and entire countries. This infographic was sent to me by Cara Delany from Online Accounting Degrees. This information is easy to understand and is very useful in helping our kids understand the importance of smart money management.
Source: Dollars and Sense: How Wise Are We With Money?