Special Encore Presentation: Financial Literacy Builds Self-Reliance

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Special Encore Presentation: Financial Literacy Builds Self-Reliance

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What is an economy? An economy is the way a society organizes to meet the physical needs of its people. There are local, regional, national and global economies. A local economy is made up of businesses that serve need but also builds the community. When you make a purchase in your community, you contribute to the economy by supporting a business owner. The business owner contributes to the economy by providing goods or services that people want to purchase. The business owners contribute by employing community members, being a role model for youth and making purchases at other businesses. Now there is a cycle of transactions that builds the community and its members. How do personal financial skills impact that economy? Financial literacy allows you to take control of your family’s and the community’s financial future. It not only brings economic growth, but other community benefits that come from strengthening the local economy such as retaining the wealth and increasing self-reliance..

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