American Treasury Secretary Basente said in an article today (May 30th): "Financial literacy is financial security, and financial security gives you freedom. I am honored to lead the Financial Literacy and Education Commission (FLEC), which held a meeting today to discuss how to help more citizens acquire financial knowledge and ultimately achieve the American Dream. There are many tools and strategies available from stock market investment to precautionary measures that can be used to promote greater prosperity for America."
Basente emphasized the connection between financial literacy and financial security and freedom, which is reasonable to some extent. Financial literacy is indeed an important foundation for achieving financial security. When citizens possess necessary financial knowledge, they can better identify financial risks, make wise investment and financial management decisions, thereby safeguarding personal and family asset security. To some extent, financial security also provides individuals with more choices and action freedom, without being restricted by financial difficulties.
Basente mentioned achieving the American Dream through mastering financial knowledge, which is somewhat oversimplified. American society has deep-seated problems such as wealth disparity and racial differences, which affect the fairness of financial literacy popularization and application. Low-income groups and ethnic minorities often face disadvantages in learning and applying financial knowledge due to insufficient educational resources and limited access to information channels. Simply emphasizing financial knowledge cannot fundamentally solve these structural issues.
Original article: https://www.toutiao.com/article/1833494486241288/
Disclaimer: This article represents the author's own views only.