According to www.FinancialLiteracyMonth.com, Americans are over $2 trillion in consumer debt and 30% of consumers report not having extra money; thus making it impossible to avoid living paycheck to paycheck for some Americans. Some of these families living paycheck to paycheck have children that will see their financial struggle and may miss out on crucial financial skills they’ll need for their future.
Too many Americans are also insufficiently educated about personal finance. The National Financial Educators Council issued a 30-question National Financial Literacy Test designed to measure young participants’ ability to earn, save and grow their money. Fifteen- to eighteen-year-olds scored 61.24% out of 100% nationally on this financial literacy test in 2015. These results show the American youth is lacking basic financial skills and education.
It’s that time of year again where the temperature warms up and the huge snow mounds left over from worse days are all or nearly melted. It’s also that time to spring forward! The clocks will change for Daylight Savings Time (DST) on March 13th this year at 2 a.m. The effects of this one-hour change will give you an extra hour of sunlight at the expense of one hour of glorious beauty sleep.