It's National Financial Literacy Month!
For those of you that don't know, financial health and literacy is very dear to me. I've seen the tribulations individuals and families endured due to lack of educated financial decisions. Businesses wiped away as they lacked preparation for a downturn in their business. People being denied credit as they never took the necessary steps to position themselves to leverage credit in a time of emergency.
Here are some shocking stats. According to Spendmenot.com, in America:
- Only 24% of Millenials demonstrate basic financial literacy
- The lack of financial literacy cost Americans $415 billion in 2020
- Just over 70% of American's retirement plan is to keep working
This is why I'm so excited to have my amazing guest, the 'credit boss,' Eva Palacios from Empower You! Eva has been in the financial game for over 20 years, and you don't want to miss the gems she drops in this episode. We cover why its important to budget, how you can bring your goals to life by having a vision board, and how credit plays a role in your financial health.
Thank you for stopping by. Don't forget to tell your friends and family about the show. Subscribe to get the lates episodes right to your device. 'Til next time, T Lock out!
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For the full article on financial literacy for Americans from Spendmenot.com:
https://spendmenot.com/blog/personal-finance-statistics/
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https://www.youtube.com/channel/UCb-SRpIaAYBVJQDMGnpHFmA
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https://podcasts.apple.com/us/podcast/empoweryou-financial/id1525483908
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https://open.spotify.com/show/62aygxTUFhKPVH2QWyNFHR
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