Tuesday, November 15, 2011

How Do Americans Learn About Financial Tools

In 2005, CFS conducted a survey with the League of United Latin American Citizens (LULAC) about some of the causes of financial security among Americans who had the resources to save and prepare for the future but did not.

The survey uncovered a number of causes, most notably a lack of finanical literacy and a lack of contact with professionals who could connect communities with tools like IRAs, life insurance and other products.

The Hartford-Courant this week has an article about a new tool being used to educate breadwinners about the importance of life insurance - - video games. The article notes the dramatic drop in the usage of life insurance and notes how video games may help educate certain demographics.

Interesting read.