Improving the lives of rural Americans
The Rural Financial Planning Project accomplishes this through the promotion of financial literacy and the delivery of financial planning by well-trained and ethical financial planning professionals.
September 13, 2012:
Shepherd financial planning team selected to compete at national conference!
Click here to read more
Here are a few financial literacy statistics for some perspective:
- About one out of four Americans feels well-informed about managing household finances.
- Only about half of all Americans regularly review their credit reports.
- About one third do not use any type of budget to manage their family expenditures.
- Social Security benefits will account for only two fifths of the projected income for baby boomers at age 67.
- Over 90% of students whose parents took them on back-to-school shopping trips said that their parents had not discussed back to school finances with them.
- Slightly more than half of parents with children ages 6 to 17 have ever discussed savings or investing with their kids.
- A recent study, examining the overall literacy of college students, found that 20% of students in 4-year colleges and institutions have basic or below average quantitative literacy skills.
- Another study conducted among high school students revealed that only about half of respondents were able to answer financial literacy questions correctly.
Click here to download our press release. (PDF 29kb)
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