The simplified definition of financial literacy is understanding the topic of money. But what does this actually mean in an age when there are so many investment choices and economic challenges?
Ask a handful of retirement experts to define financial literacy and one explanation may differ slightly from another, but they all agree it contributes to overall financial wellness, and that it’s essential to building a robust safety net. But most Americans are far behind on their journey to financial independence, and a lack of understanding is negatively impacting their financial decisions.
