Tips, advice, and the latest news from the savings world.
November 3, 2011
By Elaine Genevro, Senior Vice President and Regional Executive, Union Bank, N.A.
Today, many consumers are experiencing some sort of financial challenge that may be causing stress in their everyday lives. According to a report by the Federal Reserve, Americans carry more than $2 trillion in consumer debt, and a Harris Poll reports that 30 percent of consumers report living from paycheck to paycheck.
These and other reports reveal that financial literacy is a vital skill that everyone should work at throughout their lifetime. In school and at home, it is important for children to learn skills that will help them become financially responsible adults. Adults who continue to educate themselves throughout their lifetime help build a sound financial future for themselves and their families, and financially secure individuals and families help build a thriving economy.
As we head into a new year, it is a good time to focus on enhancing your financial education and that of your loved ones. From encouraging children to save their allowances to learning how to plan for a secure retirement, here are some tips you can use to help at each stage of your life: