How Do College-Educated Latinos Fare On Personal Finance?

Business & Money, General

Does having a college degree make money matters better? That’s not actually the case, according to a recent survey:

Almost six-in-ten college-educated Hispanics surveyed in a new report find it hard to cover expenses and save for the future, according to a new report.

The issue isn’t that we’re making less money (though I’m sure that may actually be true), but that as a group we don’t have the right kind of literacy to manage it. According to the survey, only 12% of college-educated Latinos demonstrated “advanced” financial knowledge and just 32% had basic financial literacy. These rates are lower than those in other groups. In other words, we don’t know how to manage money well.

Since I used to work there, I know that the Houston Public Library has a great list of resources to help you with your financial education: HPL Financial Resources. Four that I recommend to get you started (as a beginner):

I think I need to recruit a finance expert to start a personal finance basics series on this blog. Now I just have to find one. And, of course, I need to learn more myself.

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