Survey Supports the Importance of Financial Literacy in Struggling Economy

April is National Financial Literacy Month, and it couldn’t have come at a better time. Many consumers, some for the first time, are learning to live in a down economy. This month is an opportunity for individuals to learn about financial matters such as developing a budget, understanding credit scores, and managing and saving money. MMI’s financial literacy survey found that 34 percent of Americans think they should be most responsible for their financial education. Another 25 percent think it is up to the government to ensure Americans receive financial education. What’s most important is getting the knowledge, no matter what steps are taken. Educated consumers are empowered to make informed financial decisions.