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Financial Literacy



The National Endowment for Financial Education (NEFE) gives the following definition of financial literacy taken from a major study of financial literacy:

"Personal financial literacy is the ability to read, analyze, manage, and communicate about the personal financial conditions that affect material well being. It includes the ability to discern financial choices, discuss money and financial issues without (or despite) discomfort, plan for the future and respond competently to life events that affect everyday financial decisions, including events in the general economy.”

More basic definitions are:


  1. Knowing enough about managing money to make wise decisions, and be able to recognize and avoid fraudulent practices.

  2. The ability to make informed decisions regarding the efficient use and management of money.

  3. Financial literacy is not just knowing how to balance a check book or how to use a credit card; it is knowing how to invest your money and make it work for you.

  4. It is important to become Financially Literate. Get Your Credit Report. Participate in a Mortgage Awareness Program...

  5. Financial Literacy Programs in Connecticut
    You asked for information on Connecticut programs hosted by schools, nonprofit and .... has expanded its financial literacy programming.

  6. - Financial Literacy Education Commission
    U.S. Financial Literacy and Education Commission Providing financial education resources for all Americans, home

  7. EFC Launches Financial Literacy Homepage
    EFC Launches Financial Literacy Homepage. Educated Financial Choices Start With You.

  8. FRB: Testimony--Braunstein, Financial literacy--April 15, 2008
    Apr 15, 2008 ... Financial education is an important tool for helping consumers to manage their ... Our publications offer comprehensive information...



Please visit for all your financial literacy needs.


The 360 Degrees of Financial Literacy Web site offers general information for managing personal finances and does not recommend specific financial actions. For financial advice tailored to your situation, please contact an expert such as a CPA or a personal financial advisor. main sections include:



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OneWorld Progressive Institute, Inc.

P.O. Box 8662, New Haven, CT 06531

Phone: (203) 407-0250