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NOTICE: Starting June 4th, our Dayton and West Carrollton drive-thrus will be temporarily closed as we upgrade our ATMs to Interactive Teller Machines (ITMs) for an enhanced banking experience. We expect to reopen by July 1. We appreciate your patience and look forward to serving you better!

April 2021

Improving Financial Literacy

Each year, the National Financial Educators Council releases a National Financial Literacy Test, which is taken by Americans of all ages, financial positions, and backgrounds. The test measures participants’ knowledge as it pertains to earning, saving, and growing their money. As of 2020, the average score of 15- to 18-year-olds who took the test stood at 68 percent, just shy of a passing score. In fact, of the 60,813 people who have taken the test since it began in 2015, only 59 percent received a passing score of 70 percent or higher. Additionally, the National Financial Educators Council also released results which found that poor financial literacy contributed to Americans losing an average of $1,634 each in 2020. That is a cost of about $415 billion to the country at large.

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