Addressing America’s Financial Literacy Crisis Begins at Home

Budgeting, investing, saving, paying bills on time … all of these skills are essential to master. To help your own kids on their path to financial success, start with these three steps.

A dad and his little girl look at his phone under a blanket.
(Image credit: Getty Images)

We’ve known for some time that many Americans struggle with understanding finances. Unfortunately, it’s a problem that appears to be worsening in our country. I was startled to learn that only 34% of Americans can answer at least four of five basic financial literacy questions on topics such as mortgages, interest rates, inflation and risk according to FINRA.

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Craig Hawley
Head of Nationwide's Annuity Distribution, Nationwide

Craig Hawley is a seasoned executive with more than 20 years in the financial services industry. As Head of Nationwide's Annuity Distribution, Mr. Hawley has helped build the company into a recognized innovator of financial products and services for RIAs, fee-based advisers and the clients they serve. Previously, Mr. Hawley served more than a decade as General Counsel and Secretary at Jefferson National. Mr. Hawley holds a J.D. and B.S. in Business Management from The University of Louisville.