---
title: Why Financial Literacy Matters
description: This Investopedia article explains the value of financial literacy — and why it will continue to be critically important in the years to come.
image: https://www.barryinvestmentadvisors.com/hubfs/Financial%20Literacy.jpg
---

April 30, 2021

# Why Financial Literacy Matters

April is Financial Literacy Month, and promoting financial understanding is more urgent than ever:...

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Posted by [Barry Investment Advisors](https://www.barryinvestmentadvisors.com/blog/author/barry-investment-advisors)

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April is Financial Literacy Month, and promoting financial understanding is more urgent than ever: a 2018 FINRA survey found that only 34% of respondents were able to correctly answer 3 out of 4 basic financial literacy questions — a decline of almost 10% from 2009. To make matters worse, when asked to rate their financial knowledge on a scale from 1 (minimal) to 7 (expert), 71% of Americans gave themselves a 5 or higher. This Investopedia article explains the value of financial literacy — and why it will continue to be critically important in the years to come.

[![Click Here to Read](https://no-cache.hubspot.com/cta/default/424177/5dea0387-8ae6-4c9a-a22c-70eee3c761f0.png)](https://cta-redirect.hubspot.com/cta/redirect/424177/5dea0387-8ae6-4c9a-a22c-70eee3c761f0)

 

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