Understanding finances and effectively managing money are crucial aspects that impact everyone's life and wellbeing. Financial literacy influences the prosperity of individuals and their families, as well as the overall health of society and the country as a whole. Economic data shows that the wealthiest and most prosperous countries, mainly in the West, have higher rates of financial literacy compared to poorer or developing regions. Yet, on a global average, only one in three people are financially literate, and about half of the European population lacks basic knowledge regarding finances and its components. Click here for more details: https://heyor.ca/vaireO #FinancialLiteracy #FinancialWellbeing #MoneyManagement #FinancialEducation
YU’s Post
More Relevant Posts
-
In recent years, the country has faced significant economic challenges, and at the moment, we still anticipate further uncertainties. During such economic downturns and tough financial seasons, passive income is a financial lifeline because it provides stability and peace of mind. Unlike traditional income, which depends on active work, passive income streams such as investments continue to generate money with minimal ongoing effort. This additional income acts as a safety net, helping to cover expenses when primary income sources are disrupted, therefore reducing stress. By gradually building multiple streams of passive income, you can enhance your financial security, ensuring you're better equipped to handle economic twists and turns. #ownyourfinancialjourney #smartmoneymoves #investing #passiveincome
To view or add a comment, sign in
-
In case you haven't read this insightful article by Kim G C Moody... When people ask me why I left the corporate world 7 years ago to start a financial education and consultancy business - Saij Wealth Consulting / Saij Elle: Wisdom, Wealth & Wellness for Women - this is why. Financial education is a life essential skill. And every one cares about money (whether they admit it or not). But for some reason, it's vastly under appreciated. Not just by governments, but by financial services (Yes, I can challenge most banks and advisory shops on what they are doing wrong), by educators and frankly by the very people who need it. I'm not sure what it is going to take to get our society to wake up and take this more seriously. But it's a price we all will pay. Because not only are people's own prosperity at risk...and I don't have to tell you the impact that has on stress and one's health... But our own economic prosperity is at risk. We can not thrive as a country if 1/2 our society is not prosperous. Whether it's ultimately their fault or not, it has an impact on all of us. #financialwellness #financialliteracy #financialeducation
To view or add a comment, sign in
-
Financial Freedom and Inclusion is a key ingredient to a healthy functioning economy and society.
To view or add a comment, sign in
-
In much of the world, digital financial tools are a daily necessity—but 1.4 billion adults in low- and middle-income countries are still left behind. This isn’t just a matter of convenience—it's a barrier to growth. According to a 2023 UN analysis, building digital public infrastructure like digital ID and payments could boost GDP growth by up to 33% in these regions. Financial inclusion isn’t just about access; it’s about unlocking the full economic potential of individuals and nations alike. Listen to WE-Chapter finfluencer for more insights on this and key topics in our financial series. #FinancialInclusion #DigitalInfrastructure #Economy #Finfluencer #Insights #EconomicEmpowerment #UNAnalysis #GrowthPotential
To view or add a comment, sign in
-
Founder | CEO @GoldenDoorsManagement.com||elitedigitalworldsolutions.com || Reach out to B2B decision makers || COLUMNIST and EDITORIAL WRITER @The Frontier News Peshawar || Daily Pakistan.
The biggest hurdle to financial stability isn't the economy, the government, or the rich. It's fear and ignorance. These two factors can keep individuals trapped in a cycle of poverty and financial struggle. It's time to recognize that self-inflicted fear and ignorance are the main causes of this struggle. By acknowledging this, individuals can take the necessary steps to empower themselves and overcome these obstacles. Let's work together to break the cycle and achieve financial freedom. #financialstability #overcomingobstacles #selfempowerment
To view or add a comment, sign in
-
Financial Stress Explodes: Why Only 6% of Americans Feel Secure A recent survey reveals that Americans now need an annual income of $186,000 to feel financially secure, with only 6% of adults meeting this threshold, highlighting the growing financial strain due to rising living costs. The economic divide has widened dramatically, leaving many middle-class families struggling and feeling anxious about their financial future. Stay informed about the most recent news and insights that are currently trending in the news. Subscribe to RTD by clicking on the following link: https://lnkd.in/gwFQDzi7
To view or add a comment, sign in
-
Curious about your economic standing? Discover where you fit in America's financial landscape using a calculator by PEW Research Center. Are you part of the middle class? Pew Research Center's updated income calculator can answer that question and more. Recent Pew Research Center analysis reveals that in 2022: - 52% of U.S. adults were in middle-income households. - 28% were in lower-income households. - 19% were in upper-income households. https://lnkd.in/em7aaUp3 #IncomeCalculator #MiddleClass #AmericanEconomy #FinancialStatus #IncomeComparison #EconomicTrends #PersonalFinance #WealthDistribution #SocialMobility #PewResearch
To view or add a comment, sign in
-
Did you know: 50% of U.S. adults recently rated their financial situation worse than ever! 📉 As inflation, high interest rates, and soaring housing prices add pressure, making better financial choices is key. SAVVI is here to support our employees in navigating these economic waves, empowering you to make smarter moves for a brighter financial future! 💡💰 #FinancialWisdom #EmployeeSupport #BrighterFuture
To view or add a comment, sign in
-
Did you know? Approximately 1% of the world's population controls over 45% of the world's wealth. This statistic highlights the significant economic disparity that exists globally. As we strive for financial success, let's also remember the importance of equity and inclusivity in our economic systems. Together, we can work towards a more balanced and fair distribution of wealth. #ourhomestc #bookkeeper #wealth #globaleconomics
To view or add a comment, sign in
-
🚨 A recent study by S&P and the Global Financial Literacy Excellence Center reveals a concerning statistic: ONLY 33% OF THE WORLD'S POPULATION IS FINANCIALLY LITERATE. This figure represents more than just a percentage; it's a warning sign of a looming global crisis. 🌏💡 📉 Further insights from an S&P survey across 81 countries highlight the potential economic impacts of aging populations. By 2060, governments could face fiscal deficits up to 9.1% of GDP, a stark increase from 2.4% in 2025. This is primarily due to unaddressed rising costs in social and healthcare services. Dive into the article https://lnkd.in/eB2ngWxt 💼 The message is clear: there's an urgent need for effective financial literacy programmes worldwide. Comment down your thoughts!👇 #FinancialLiteracy #GlobalEconomy #EconomicImpact #SustainableFuture #SPReport #personalfinance #londoncity #businessuk Education & The City Sheryl Cuisia Danny Wallace Sue Milton Nick Hargrave Niam Patel Joseph Vambe Kelly Bolton Lorelie Sacro Unizel Go
To view or add a comment, sign in
199 followers