Financial Literacy Research By:Mar-Dekiata Littlejohn

1. 1) What is financial literacy? Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions through their understanding of finances.

2) What is financial literacy? Financial literacy is like reading and writing. It is the knowledge of basic but essential concepts that are needed to be able to operate in today’s society. Most Americans should know about financial literacy if they want to succeed in life. Being financial is the way of life in our economy these days.

2.1) How do I know whether I am financially literate? I took a test online to see Only 10% of Americans taking the national survey did better than I did. -literacy/widgets/financial-knowledge- test.html

3. 1)How do I compare with respect to others? Write down the benefits of your products or services.

My test result Correct Incorrect Don't Know Your Results National Average South Carolina

4. 1)How does financial literacy in the United States (or Italy) compare with respect to other countries? Have done a comparison of financial literacy across eight countries (the U.S., Italy, Germany, the Netherlands, Sweden, Russia, Japan, and New Zealand). In a nutshell, the world is flat in terms of financial literacy! In an increasingly risky and globalized marketplace, people must be able to make well-informed financial decisions. Yet new international research demonstrates that financial illiteracy is widespread when financial markets are well developed as in Germany, the Netherlands, Sweden, Japan, Italy, New Zealand, and the United States, or when they are changing rapidly as in Russia.

2)How does financial literacy in the United States (or Italy) compare with respect to other countries? Further, across these countries, we show that the older population believes itself well informed. Even though it is actually less well informed than average. Other common patterns are also evident: women are less financially literate than men and are aware of this shortfall. More educated people are more informed, yet education is far from a perfect proxy for literacy.

5. 1)Why should I become financially literate? Have a better understanding of financial and banking products Be more prepared to pursue your financial goals Take control of your money Improve your saving skills Be more prepared for unforeseen situations

1)Why should I become financially literate? Understanding finances is a tool kit for life to increase your savings and enhance your wealth! Only you can decide your financial priorities and only you can know best how to achieve them Uneducated consumers are easy prey for fraudsters, scams and banks may even be liable for their customers’ losses.

6. 1)Where do I go for information if I want to improve my financial literacy? Websites and mentors are very helpful about anywhere really. For readers in the united states, a reliable and independent source of information is mymoney.gov. Ask for financial literacy programs in your school, your workplace, and library.

2)Where do I go for information if I want to improve my financial literacy? Banks because bankers understand that an educated consumer is the best customer. Financially savvy customers will use banking services and products throughout their lives Many more websites that can help you if you Google search the topic.

7. 1) What if I want to have fun while I'm learning financial literacy? I have learned its more fun to spend money than save it!!! But its better to save than spend. Doorways to Dreams has designed financial literacy games, so you can become financially literate while having fun. Do research it doesn’t always have to boring!!!

2) What if I want to have fun while I'm learning financial literacy?

8. 1)What do I do to promote financial literacy and to become financially literate? Ask for financial literacy programs at…. Your school Your workplace Your local library

9. 1)Who is promoting financial literacy? Here is a list of people (and one puppet) who are promoting financial literacy. Elmo, puppet and TV celebrity (for you younger readers). Ben Bernanke, Chairman of the Federal Reserve. You can read one of his recent speeches…

2)Who is promoting financial literacy? Ray Lewis, football star. You can read about one of his talks. Both President Bush and President Obama have been supporters of financial literacy, via, for example, the President’s Advisory Council on Financial Literacy Mostly a lot of people.

10. 1)Are there any big program/plans happening on financial literacy? One important initiative is that of the OECD (Organization for Economic Cooperation and Development). Starting in 2012, the OECD’s Program for International Student Assessment (PISA) will measure financial literacy among 15-year-olds in 19 countries.

2)Are there any big program/plans happening on financial literacy? From basic financial education lesson plans to high-profile, custom-branded campaigns, our financial literacy curriculum and money lesson plans are designed to meet the highest educational standards while providing students with practical, hands-on training. Learn more about Financial Literacy Curriculum. ncialliteracycurriculum.html

11. 1)Why is a business plan important and who should write it? A business plan is important because it summarizes both your vision for the company and your blueprint for the company’s operating success. The business plan is a written guide that details the start-up and the future direction of your company. You, the entrepreneur should write it.

2)Why is a business plan important and who should write it? No one else knows your business idea and goals better. Yes, there are services that can do the work for you. However, you must present this business idea to bankers or other investors. Therefore, it is best if you are very familiar and comfortable with the plan.

I'm sorry I guess that’s all!!! LoL!!!