Financial Literacy is a Superpower You Can Learn

What is financial literacy?

Financial literacy is the ability to understand and use skills related to money, like managing money, budgeting, saving, and investing. Whether it’s daily spending or long-term investing, strong financial skills can give you a significant advantage. Better financial well-being is proven to improve quality of life.

Financial literacy can be a superpower.

What are the qualities of a superpower?

It makes you strong.
It protects you from pain.
It makes you resilient. (With a superpower, you’re never really down for the count; you can always come back from misfortune or calamity.)
It can be used as a force for good in the world.

Sound financial habits can do the same. If you could develop a superpower, why wouldn’t you?

Luckily, being financially knowledgeable and having strong financial literacy skills doesn’t require radioactive spiders or being born on a planet with a red sun.

Educate yourself about how to manage money.

Truly. Knowledge is power. Sound financial habits can empower you to build wealth, decrease debt and stress, and improve your quality of life. Here at Verve, we’re committed to helping you build financial habits that will allow you to live fuller, richer, and more impactful lives.

What you don’t know can hurt you. Poor financial habits can sink you into debt and keep you there, increase your stress, and decrease your quality of life. According to a survey conducted by The National Financial Educators Council (NFEC) in 2023, the average American adult loses $1,506 annually due to a lack of personal finance knowledge. And the U.S. Bureau of Labor Statistics reports that about 60% of consumers live paycheck to paycheck.

Build your financial literacy skills and knowledge.

The foundation of financial literacy is built on some basic blocks. Verve has resources on a variety of financial topics, like the ones below, to help build your financial literacy superpower.