{"id":493976,"date":"2024-10-04T14:21:52","date_gmt":"2024-10-04T18:21:52","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=493976"},"modified":"2024-10-04T14:21:52","modified_gmt":"2024-10-04T18:21:52","slug":"letter-financial-literacy-is-for-everyone-but-its-not-one-size-fits-all","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/letter-financial-literacy-is-for-everyone-but-its-not-one-size-fits-all\/","title":{"rendered":"Letter: Financial literacy is for everyone, but it\u2019s not one-size-fits all"},"content":{"rendered":"
Re: Financial literacy is a shared responsibility. Let\u2019s get it right<\/a>, InvestmentExecutive.com, Aug. 12, 2024<\/p>\n As president and CEO of United for Literacy, a national organization dedicated to promoting literacy in every province and territory, I was pleased to read Andy Mitchell\u2019s opinion piece<\/a> about financial literacy and the importance of equipping young people with essential future-ready literacy skills. At United for Literacy, we witness daily how vital strong literacy skills are \u2014 including financial and digital literacy \u2014 for success in school, work and everyday life.<\/p>\n We view financial literacy as an extension of numeracy and essential life skills. Financial literacy enables people to make informed decisions, manage their finances effectively, and enhance their overall well-being. This is as true for those with generational wealth as it is for those who are building their financial acumen.<\/p>\n Financial literacy is a crucial issue for people at all levels of income. For example, high-income earners can face significant challenges because they may lack effective budgeting and financial planning skills.<\/p>\n Financial literacy opens doors to opportunities for everyone. It is essential for a more equitable society, by teaching individuals to budget, save, manage debt and plan.<\/p>\n The non-profit sector, already serving the most underserved populations, plays a crucial role in complementing provincial and federal financial literacy initiatives.<\/p>\n