What is financial illiteracy?

1
What is financial illiteracy?
Financial illiteracy is the inability to
effectively manage ones finances, and make good
decisions to maintain ones financial well being
and success
2
Financial illiteracy

• The ignorance of the terms on a mortgage, and the
  inability to pay it, will result in foreclosure

As you can see, over time, foreclosures become
more common. This is a result of the financial
illiteracy of younger people.
3
Divorce

• As a result of the financial stress caused by an
  inability to handle money, marriages also suffer.

Notice how the rates raise over time as financial
illiteracy becomes more widespread here as well.