Negotiamini Media
Truth is Powerful

Financial Education isn’t Optional

9

The United States is facing a fiscal crisis. And if you think I’m referring to the national debt or monetary policy, I’m not. Instead, I’m talking about something far more tangible. The fiscal health of more than 300 million Americans may be at risk, thanks to a lack of basic financial education. Despite being the world’s leading economy, the United States ranks 14th when it comes to financial literacy.

Read the AH Magazine e-edition .
Subscribe to AH Magazine

And what’s worse, a 2017 study by the Global Financial Literacy Excellence Center estimated that a lack of financial education contributes to somewhere between 30-40% of wealth inequality in retirement. Financial advisors already do a great deal to improve the finances, and financial literacy, of their clients. But 2022 may be the perfect time to ramp up your focus on financial education. A triple mandate

I’m not suggesting that financial advisors focus on education for purely altruistic purposes. There are several practical and strategic reasons why you might want to start offering educational content in some form.

1. Perception. It’s possible we’re entering a bear market, or at least downshifting from the bull market that’s dominated recent memory. […]

Click here to view original web page at www.advisorhub.com

Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More