Financial Literacy 101 |
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Goals and Procedures: Financial literacy is very important today as many individuals are now expected to manage their own financial futures. During the industrial age individuals relied on their pension benefit plans and their social security to retire them at their desired age. Now in the information age, most employers provide 401k pension plans that run out before the individual’s death and the government is having problems with being able to provide the necessary funds for new social security recipients. For these reasons we believe financial literacy should be introduced to all individuals in order to protect them in their financial futures. |