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Information Literacy in the Digital Age by Melissa Wright, Teresa Welsh

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11

Financial literacy

The number one problem in today’s generation and economy is the lack of financial literacy. (Alan Greenspan)

If you want to create wealth, it is imperative that you believe that you are at the steering wheel of life, especially your financial life. (T. Harv Eker)

What is financial literacy?

Financial literacy was defined by a 2000 Fannie Mae Foundation report as the ability to read, analyze, manage, and communicate about the personal financial conditions that affect material well-being. Financial literacy includes the ability to discern financial choices, discuss money and financial issues without (or despite) discomfort, plan for the future, and respond competently to life events that affect everyday financial decisions, ...

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