FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Two out of every five families in the U.S. are currently living paycheck to paycheck. While pundits blame everything from the President and the economy to the “share culture” of the American workforce, often the issue comes down to a lack of personal finance education. Many Americans simply do not have the knowledge required to maintain a balanced budget for achieving financial stability.
Financial Literacy Month brings together government agencies, nonprofit organizations and corporate institutions to provide better education platforms for consumers. In honor of this initiative, Consolidated Credit hosted its 2nd Annual Financial Literacy Breakfast on April 8. The breakfast allowed community leaders to come together to share ideas and resources. Event sponsors included BB&T, Bank of America, Chase, Wells Fargo, Comerica and Paramount Residential Mortgage Group, Inc.
“Families are struggling to get ahead in the face of challenges that keep them living on a shoestring budget where they have to fight to make ends meet,” says Gary Herman, President of Consolidated Credit. “We have to come together to create resources and programs that help families build towards a better tomorrow.”
Maria Gaitan, the Director of Housing and Business Development, was recognized at the event by the Florida Military Finance Alliance for her dedication to making education readily available to military personnel, veterans and their families.
Consolidated Credit’s Financial Literacy 2016 video explains why education is important and requires the cooperation of government, nonprofits and corporations. The video details how organizations and partners can work together to “Make Financial Literacy Happen in 2016.”
Consolidated Credit has a Financial Literacy Quiz that allows people to test their knowledge to identify gaps that need to be filled. “People are often intimidated into inaction because they’re overwhelmed by how much they need to learn and they don’t know where to start,” Herman explains. “The quiz points them to the information they need to achieve a better understanding of finance.”
About Consolidated Credit: For over 20 years Consolidated Credit has helped more than 5 million people overcome debt challenges and financial issues. Their mission is to assist families throughout the United States to end financial crises and solve money management issues through education and professional counseling.
