Financial Education – Education for Adults Also Includes Recovery
Most adults have never received – and will never take – a formal financial education course. The most common ways people make financial decisions is by asking people in their network, searching online resources or books, and taking the advice of people who are trying to sell them financial service products.
As people get older, there are increased challenges to getting a financial education. There are a wider variety of issues that must be addressed among adults than among youth, and financial habits become more deeply rooted as people mature. Adults often need to work through behavioral and psychological money issues before they can truly benefit from financial education.
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NFEC Position Statement
It’s never too late to improve your finances or financial knowledge. We recommend that adults who lack financial literacy seek out materials designed to help them gain knowledge, form positive behaviors, and create systems that can help them work toward greater financial security.
To support the efforts of adults who do seek this information, the NFEC provides training and resources to organizations serving adults. Personal training options are also available for those who prefer self-study. Our Certified educators are available as adult financial education tutors for those who need more personalized support. Our colleagues who have decided to become champions of the financial education cause provide stellar examples of how the financial literacy movement is being moved forward.