Abstract
Financial literacy is an important skillset for individuals to have so they can properly manage their financial well-being. Individuals across the United States are lacking in financial literacy, and therefore often struggle with navigating major financial events in addition to their daily personal finance decisions. K-12 family and consumer sciences (FCS) educators are equipped with the tools and resources to address this issue so individuals are better equipped to make sound financial decisions. Data from the TIAA-GFLEC Personal Finance (P-FIN) Index shows the overall lack of financial literacy throughout the U.S. (Yakoboski et al., 2021). The P-Fin Index is an annual survey conducted by the TIAA Institute and the GFLEC (Global Financial Literacy Excellence Center). The P-FIN Index measures both knowledge and understanding of skills that allow adults to properly manage their personal finances. In order for FCS educators to help individuals improve their financial literacy, they will need to focus on both their own professional development and expansion of financial literacy education.
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