Financial Literacy Is Power (FLIP)
A lack of understanding of financial services and the basics of personal finance causes a cycle of poor financial decisions that restrict the social mobility of Americans. Worse yet, financial illiteracy in one individual can lead to chronic poverty, where generations of a family are born in poverty.
Financial literacy is a major factor for reducing poverty in America. Financial literacy can make a big difference when it comes to building personal wealth, borrowing money, saving money, and increasing the chances of becoming a millionaire.