Financial Literacy
The Great Recession of 2008–2009 put millions of Americans through a financial wringer, lowering personal net worth and forcing delayed retirement plans. The personal savings rates of Americans was in a steady decline over the course of two decades, bottoming out between 2005 and 2008. Since then, one positive legacy resulting from the recession, is a renewed focus on financial literacy education across America. In response government, teachers, school districts, businesses and financial institutions have joined forces to educate Americans of all ages on the value of obtaining the tools, methods and resources to help them reach financial health.
Union Bank is committed to helping our customers better understand their finances. Please stop in and talk to one of our Personal Bankers, Loan Officers, or Financial Planners to ask questions or obtain information about savings accounts, buying a home, planning for retirement or estate planning.
Resources
The following links and information are offered for your consideration:
- Annual Credit Report.com
- Consumer.gov
- Paying for College
- Income Tax Withholding Calculator
- Investor.gov
- Money as You Grow
- Money Smart
- My Money.gov
- SaveAndInvest.org
- Social Security Retirement Estimator
Fun Sites
Videos
- How an Employer Match Boosts Savings
- How Diversification Decreases Risk
- How Inflation Diminishes Savings
- How Tax-Advantaged Accounts Build Assets
- How to Spot an Investment Scam
Time-Honored Principles for Financial Health:
- Budget to Save
- Save and Invest
- Control Debt
- Protect Accumulated Net Worth