School of Study and Financial Literacy.

INTRODUCTION Personal financial literacy is important to understanding the basic financial issues that most individuals and families must deal with in our modern society. Even if an individual has a defined benefit plan that will hopefully meet most of the financial needs of one's retirement years, that person still will spend a lifetime dealing with issues related to mortgages, insurance (including automobile, home, life, and health), personal credit management, income taxes, and all of the other financial considerations that are part of modern life in our society.