Get Smart(er) About Money: Nationwide’s New Resources for Financial Literacy
Is lack of financial literacy costing your family? Americans estimated inadequate knowledge about managing their personal finances cost them over $1,500 in 2023.1 If this money was instead put into saving for retirement, the years (or decades) of compounding interest could have a big impact on your family.
In recognition of Financial Literacy Month in April, Nationwide has launched new educational materials aimed at enhancing financial understanding for the whole family. Resources include a financial knowledge quiz, family-friendly activity book and sweepstakes designed to encourage individuals to engage with financial concepts to improve their money management skills.
Financial knowledge quiz: Take this five-question quiz to test your financial chops and view resources that can help you get smart(er) about money.
Family finances activity book: Download this family-friendly activity book to explore basic financial topics with children to encourage interest and financial confidence at a young age.
Enter the sweepstakes: Open April 1 – 30, 2024, you can enter the sweepstakes for a $25 gift card. Take the financial knowledge quiz or download the family activity book to earn additional entries.
“At Nationwide we help many Americans prepare for and save in retirement. One of the biggest obstacles we see is getting started saving - it's a skill that people need to learn as young as possible,” said Amelia Dunlap, vice president of Marketing for Nationwide Retirement Solutions. “Understanding the basics of money management, budgeting, investing and retirement planning is a critical life skill. Financial Literacy Month is a great reason to dedicate some time with your family to learn more about this important topic.”
Visit Nationwide’s Financial Literacy page to find a variety of additional resources and online tools including:
- How to pay off debt and save at the same time
- Contributing to your retirement plan
- Social Security 101
- Paycheck Impact Calculator
1National Financial Educators Council: https://www.financialeducatorscouncil.org/financial-illiteracy-costs/
Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.
NFM-23752AO