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picture1_Financial Presentation Template 72060 | Vscpa Achieving Financial  Goals


 111x       Filetype PPT       File size 0.95 MB       Source: www.vscpa.com


File: Financial Presentation Template 72060 | Vscpa Achieving Financial Goals
america s financial literacy the average american family spends 1 22 for every dollar it earns one in five american families with annual household income of less than 50 000 ...

icon picture PPT Filetype Power Point PPT | Posted on 31 Aug 2022 | 3 years ago
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   America’s Financial Literacy
   • The average American family spends $1.22 for 
    every dollar it earns. 
   • One in five American families with annual household 
    income of less than $50,000 is spending 40% of 
    after-tax income to service its debt.
   • Credit card debt has tripled in past two decades, and 
    the average American household owes more than 
    $9,000 ($2600 in 1989).
  America’s Financial Literacy
   • 2 out of 3 households will probably 
    fail to realize life goals
   • Financial illiteracy is passed to the 
    next generation
   • Average high school senior failed 
    2006 financial knowledge survey
     What is Financial Literacy?
   Financial Literacy
    • The ability to effectively evaluate and manage 
     one’s finances in order to make prudent 
     decisions toward reaching life’s goals
    • The understanding of:
     - Money
     - Cash flow
     - Basic economic/financial concepts
     - Debt/risk management
       Financial Literacy
          Key areas of personal finance:
          •  Money & income
          •  Spending & debt
          •  Savings & investments
          •  Risk management
          •  Life’s milestones
The words contained in this file might help you see if this file matches what you are looking for:

...America s financial literacy the average american family spends for every dollar it earns one in five families with annual household income of less than is spending after tax to service its debt credit card has tripled past two decades and owes more out households will probably fail realize life goals illiteracy passed next generation high school senior failed knowledge survey what ability effectively evaluate manage finances order make prudent decisions toward reaching understanding money cash flow basic economic concepts risk management key areas personal finance savings investments milestones...

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