What Is Financial Literacy, Anyway?

The term “financial literacy” is kicked around by financial planners, bureaucrats, and academics. But how does the man on the street define the term?

In this funny video, the California Society of CPAs (CalCPA) interviewed people on the streets of Sacramento, California, on their views about financial literacy.

They also answer such burning questions as: “What’s scarier: thinking about retirement or running into a burning building?” “Spender or saver?” and “Why the hell did I buy that?”

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