The topic of money and finances is still a big mystery for many people. And for good reason. It can be complicated stuff! We’ve written previously about the fact that managing finances is particularly complicated because it often involves financial investment literacy. This type of literacy relies on complicated math that often requires specific training... Continue Reading →
At GBI, we believe that rather than asking people to increase their financial literacy, there’s a way that we in the financial sector can make it easier for people to engage with financial problems without the expert knowledge. The key to accomplishing this? Creating a tacit understanding of financial planning. We’ve written in previous posts... Continue Reading →
It’s widely documented that there is a lack of financial literacy among U.S. adults. FINRA’s State of U.S. Financial Capability study found that only 34% of individuals can correctly answer 4 or more questions on a basic 5-question financial quiz. And Americans want help. Northwestern Mutual found that 6 out of 10 Americans say their... Continue Reading →
As we come out of April, which is Financial Literacy Month, we at GBI found ourselves questioning the main problem that so many have been focused on these last 30 days: How to increase financial literacy for individuals so they can more easily engage with financial problems. While we agree that increased financial literacy is... Continue Reading →
