Visit Colonial Williamsburg - Teacher Scholarship

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Improving Financial Literacy

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Each year, the National Financial Educators Council releases a National Financial Literacy Test , which is taken by Americans of all ages, financial positions, and backgrounds. The test measures participants’ knowledge as it pertains to earning, saving, and growing their money.   As of 2020, the average score of 15- to 18-year-olds who took the test stood at 68 percent, just shy of a passing score. In fact, of the 60,813 people who have taken the test since it began in 2015, only 59 percent received a passing score of 70 percent or higher. Additionally, the National Financial Educators Council also released results that found that poor financial literacy contributed to Americans losing an average of $1,634 each in 2020. That is a cost of about $415 billion to the country at large.   Those numbers may seem a tad apocalyptic, but there is a silver lining. Younger generations of Americans appear willing and able to learn more about financial literacy. The National Finan...
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New Year, New Financial Resolutions

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  With 2021 ending and 2022 right around the corner, now is the time to start making those resolutions for the new year. And what better place to start than with your finances? Kelly Slocum, Eaton Family Credit Union CEO notes, "While getting financials in order at the beginning of every year is a ritual for most, it doesn’t hurt to keep things fresh with some out-of-the-box resolutions." The average American calls their resolutions quits by the time February rolls around (or never follows through with them in the first place), according to the New York Post . So, a new perspective might just be the ticket to sticking to the financial plans you intend to make. An article published by Wallet Genius takes a new perspective on classic financial goals with suggestions that include talking to your children and spouse about money, not confusing spending less with saving, considering money as a tool instead of a goal, and even volunteering. Use these helpful solutions from CN...
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