Studies have shown that people with lower degrees of financial literacy have the tendency to borrow more, invest less, accumulate less wealth and spend a lot more in fees and costs associated with financial products.
On a long-term basis, these people are less likely to establish and maintain financial stability and more prone to experience a lot of difficulties making correct financial decisions. Conversely, people with financial literacy skills are expected to plan for retirement and accumulate more than the other category is able to earn during their lifetime.
A spokesperson for the company explained their decision to donate a fraction of their profit to financial education charities: “We are dedicating 10% of all profit to improving financial literacy on a larger scale. The cost of financial literacy is way too high, leading a lot of people to acquire charges and taxes that could have otherwise be avoided, in situations like paying only the minimum amount or not making credit card payments on time. In order to ensure that America remains the strongest and most competitive economy in the world, we must make a commitment to bring our own contribution to raising the financial literacy level among Americans, showing them the importance of managing their financial life properly.”
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About Legit Payday Loans Online:
Legit Payday Loans Online is an online payday loan company offering specialized assistance and comprehensive services to customers dealing with financial hardship. The registration process is fast and convenient, allowing individuals to access the funds they need in the shortest time possible.
Contact Information:
Legit Payday Loans Online
255 G Street
San Diego, CA 92101
United States
Phone Number: 6195214947
Legit Payday Loans Online
Michael Robertson
(619) - 521 - 4947
admin@legitpaydayloansonline1.com
Source: EmailWire.Com
