Nearly Two-Thirds of Americans Have Low Levels of Financial Literacy

By Staff Reports

(Victor Valley)– Financial education is vital to ensuring Americans are managing their money in the right way to protect themselves and their families from life’s uncertainties. Unfortunately, data shows that nearly two-thirds of Americans have low levels of financial literacy – including 76% of millennials – according to the Financial Industry Regulatory Authority (FINRA).i In response to this growing need for education, Allstate is providing financial tips to empower people to make confident decisions about their future just in time for Financial Literacy Awareness Month.

Investing for the Future

Planning for the future can be daunting. Whether people are just starting out, looking ahead to retirement or protecting loved ones with life insurance, Allstate is simplifying this process by providing tips to help guide them through each major life stage.

Here are more tips and information on financial planning.

i Financial Industry Regulatory Authority (FINRA), Infographic: Financial Literacy Levels
MacroMonitor Data, U.S. Households Ages 25-29

Allstate Monthly Income TermSM is a term life insurance policy issued by Allstate Assurance Company, 3075 Sanders Rd., Northbrook IL 60062 and is available in most states with contract series ICC18AC11/NC18AC11 and rider series ICC18AC12/NC18AC12. Policy issuance is subject to availability and qualifications. This policy has exclusions, limitation and terms that may affect coverage, renewal, cancellation, termination, or other contractual rights and benefits. Guarantees offered are subject to the claims-paying ability of the issuing company. Not available in New York.

SOURCE Allstate

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