April is Financial Literacy Month. As the COVID-19 pandemic continues to impact our lives, many Americans are facing issues they couldn’t have imagined mere months ago. What began as a public health threat quickly transformed into something much larger, not only impacting our physical well-being, but also our financial well-being. The pandemic really shined a spotlight on the financial insecurity of many American’s.
According to Investopedia, “financial literacy is the ability to understand and effectively use various financial skills including personal financial management, budgeting, and investing. [It] is the foundation of your relationship with money, and it’s a lifelong journey.”
This time last year, we were all forced to make drastic changes to our everyday lives — working from home, acting as educators to our children and grandchildren, and settling in for the unknown long-term. Fortunately, there is finally optimism and a shred of pre-pandemic normalcy.
Over the course of the last year, the global pandemic has shined an unfortunate spotlight on financial insecurities within the American workforce.