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Tag Archives: financial literacy
Your Employer Might Help Improve Your Financial Fitness
Maybe there’s money under the mattress, because there doesn’t seem to be much in the bank. About half of households age 55 and older have no retirement savings, and many of them don’t have pensions, either. Financial education can empower … Continue reading
The Risks of Virtual Currencies
In February 2014, the Mt. Gox virtual currency exchange filed for bankruptcy, stating that a security breach resulted in the loss of bitcoins worth more than $460 million at the time. This incident is one of many real-world illustrations of … Continue reading
Retirees Need Options and Assistance to Make Money Last
As individuals are increasingly responsible for their financial security following retirement, the cost of limited financial literacy can be extremely high. Yet, recent survey data suggest that seniors have some of the lowest financial literacy rates. These surveys—which included questions … Continue reading
Foreclosure Rescue Schemes and You
Evidence suggests that individuals who are less financially savvy are more likely to fall victim to financial scams, hold high cost mortgages, and engage in costly credit card behavior. As a result, the cost of limited financial literacy can be … Continue reading
