Improving Financial Literacy Around the World
The importance of financial literacy has been hitting a fever pitch in recent years, with implications from the pandemic casting a bright spotlight on how countries are failing to teach their citizens basic principles. Financial literacy for the general public boils down to the ability to buy a house, a car, to rent a home and even the ability to become an entrepreneur. Lines of credit are not extended to just anyone. So, sometimes people with good ideas are never able to bring them to fruition because they cannot secure the funds to bring their products or ideas to market. In many countries financial literacy can boil down to basic survival. Mexico, for example, admits financial education is lacking for its populace and is aiming to address it. Banco Bilbao Vizcaya Argentaria (BBVA), the second largest bank in Spain took a closer look at what is happening on the global stage, including a report released by Standard & Poor’s that revealed much remains to be done. “According to