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Mercadien Foundation

Barely Average Financial Education in the U.S.

It might not be surprising, but the United States isn’t close to the top when it comes to basic financial literacy skills among teenage students. Which country is? China. The 2018 Program for International Student Assessment (PISA) survey found the U.S. 7th out of 15 countries surveyed on understanding essential financial concepts and risks. China,…

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National Financial Literacy Month – Building Your Toolkit!

We know it’s a touchy subject, but let’s talk about money! Want to know your financial literacy score? Take our short, 10-question quiz where you’ll be able to see how financially literate you are. Do you have what it takes to get a perfect score? Click the image below to take the quiz and feel…

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National Financial Literacy Month Just Got More Exciting

Everyone knows there are certain things you just don’t discuss in polite company, right? It seems this month we need to recognize the taboo that no one even seems to want to talk about; money. In 2003, the National Endowment for Financial Education introduced Youth Financial Literacy Day, and in 2004, the U.S. Senate passed…

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Student Debt – A Growing National Crisis

Over 70 percent of Bachelor’s degree recipients need to borrow money to attend college – having racked up $1.3 trillion in student loan debt nationally. With the average debt being over $29,000 at graduation time, student debt is putting a major strain on the economy. NY Fed economist Rajashri Chakrabarti outlined the possible effect of…

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Holiday Saving Starts NOW

Summer was the time to get away, but now we’re back to school, college, and work. Before we know it, Thanksgiving will be over and the holidays will be nipping at our heels. The AICPA reports that 6 in 10 US adults report the year-end holiday season is their most stressful time of year. This…

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Tax Scams On The Rise – Identity Theft A Major Threat To Americans

Most Americans filed their 2015 tax returns by the extended April 18th deadline this year and will do their best to forget about taxes until they’re due again in 2017. However, increasing numbers of Americans don’t have the luxury of forgetting about taxes until next year because they’ve been victims of identity theft. Since the early 2000s,…

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April is Financial Literacy Month: Learn 4 Important Steps for Getting Ahead!

Financial literacy, defined as the ability to use knowledge and skills to manage financial resources effectively for a lifetime of well-being, is a long-standing issue that was publicly recognized in 1995 by the Jump$tart Coalition for Financial Education. Many solutions have been proposed throughout the last two decades to improve the health and well-being of…

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$martWorkplace Roundtable Energizes Community Leaders

We all need better ways to connect with and understand financial information; luckily, big change is underway. The Mercadien Foundation held a roundtable discussion on Monday, Feb. 1 to bring together businesses, nonprofits, and community organizers to tackle workplace issues related to financial capability and education. From the discussion, the Mercadien Foundation will launch the…

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What is Love?

After surviving Valentine’s Day now is a great time to talk about love and money especially if you spent more than you should have on February 14th.  In 2015, Valentine’s Day spending reached $19 billion, a new record for the United States, with the average person celebrating the occasion spending more than $150. I wonder…

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Financial Literacy Month is Coming: Are You Ready?

In an age where few things are still taboo topics, we need to recognize how life-changing it can be to talk about and learn about money. In 2004, Resolution 316 was passed in the U.S. Senate, recognizing April as National Financial Literacy Month. The recognition is an attempt to improve personal financial well-being and reduce…

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