Four American vacationers kidnapped in Mexico Financial literacy: the path to financial stability

sophomores at the Palm Desert Campus.

“I felt like I was talking to my 18-year-old self, what did I wish I knew then that I know now,” said Dr. Bonillas.

Annuity.org reports that in 2019, 60% of U.S. adults had credit card debt. The report also found that in 2021, Americans reported losing an average of $1,389 due to a lack of financial literacy.

“Debt is not bad and it’s not good, it’s just a matter of how you use it,” said Dr. Bonillas. “There is debt that you need to be able to acquire resources”.

Francisco Burgos is the coordinator for the CSUSB Financial Literacy and Wellness center. Burgos believes that teaching good money habits is essential for incoming students.

“I think it’s important to good money habits. You want to be able to teach students to learn how to budget money so that it lasts as opposed to spending it all,” said Burgos.

The experts agree that financial literacy should be taught at a young age to help students prepare for the financial challenges that they will face in the future.

Rose suggests that financial literacy can be taught through the internet or a higher education school program.

“There’s financial literacy on the internet, and almost every higher education school has a program now. It’s trying to teach students the right way of going about this,” said Rose.

Dr. Bonillas advocates for creating finance courses for all students at CSUSB.

“I remember, man senate to adopt a personal finance elective for students,” said Dr.Bonillas.

Annuity.org states that 41% of teens don’t know what a 401K is, and 32% of teens don’t know the difference between a credit card and a debit card. Burgos believes that creating a financial literacy week in high schools can help students.

“You also have to teach them what interest rates are. I tell students in high school that they don’t need a credit card, I would personally avoid it just because it’s very easy to swipe a credit card,” shared Burgos.

The importance of financial literacy can’t be overstated. It’s a crucial life skill that everyone needs. Financial literacy should be taught at a young age to help students prepare for the financial challenges that they will face in

Whether through the internet,