Financial Illiteracy is Costing Millions of People Billions of Dollars

  • On : June 9, 2015

While schools offer an array of different courses related to English, science, math and other subjects, one thing that they woefully under-prepare students for is managing their finances. As a matter of fact, when most high school seniors graduate, they have next to no idea about anything that has to do with managing finances, saving money or accumulating wealth. Because of this financial illiteracy, these high school seniors go out into life and make countless financial mistakes that ruin their credit and deprive them of the lives that they could be leading.

Because of this, and also due to the dire economic times that we’ve experienced over the past decade, many young people feel discouraged about saving money. And, this, we think, is a huge mistake. By failing to recognize the tremendous opportunity that’s afforded by sound financial management, many of today’s young people are eventually going to end up on the doorstep of retirement with little or no assets to their name. As you might imagine, this is a huge problem for these individuals, and also a ticking time bomb for the economy at large.

If you’re a young person, and the picture that we’re painting here sounds an awful lot like you, then we’d like to encourage you to change your mind about investing and to make the effort to get educated about finances. There’s no doubt it can be a little dull, but becoming a financially literate person is going to pay dividends beyond your wildest imagination. At Baker DMM, we help countless individuals like you to take charge of their personal finances in order to prepare for the future. If you’d like to make the change and become a financially literate young person who’s actively saving and planning for retirement, then get in touch with Baker DMM today. We’d be glad to help you out!