Financial literacy in a post-COVID world

Recently, I read Annamaria Lusardi’s article in Forbes about the importance of financial literacy in light of the COVID-19 economic recession.

I’ve felt the devastating financial consequences of the pandemic in my own community: An eerily empty downtown. Jobs harder to come by. Dozens of restaurants closed for good.

In the midst of this nationwide hardship, Lusardi (herself an economist and personal finance professor) and a team of co-authors set out to review the research and answer the question: Could building financial literacy really build financial resilience for American families? Or, more simply: does financial literacy work?

Her team’s findings confirm what the team at Zogo already believed to be true: that financial education makes a difference — a great difference — in people’s lives.

 

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