ACLI Co-Hosts Major Financial Literacy Event

ACLI President Susan Neely said Wednesday, in a blog post about the council's work, that she believes lack of financial education is big reason for financial inequality in America.

"Researchers at the Wharton School found that more than one-third of financial inequality in the U.S. could be accounted for by the differences in financial literacy," Neely says in the blog post.

The Council for Economic Education "says that in states without course requirements, there is a 15-point gap in access to financial education between kids from lower-income versus wealthier families," Neely says.

Making financial education a priority for schools could help students achieve a lifetime of financial security, Neely says.

"Life insurers have a big role to play, too," Neely says. "We have an incredible purpose–helping people build long-term financial security. We have a responsibility to be problem solvers as our nation grapples with income inequality, the financial and retirement savings gap, and financial literacy and inclusion."

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