Consolidated Credit: Closing the Gap in Financial Literacy

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Aug 06, 2013, 08:25 ET

FORT LAUDERDALE, Fla., Aug. 6, 2013 /PRNewswire/ -- A recent report indicates a strong, pervasive gap between genders in the mission for financial literacy. Consolidated Credit and its educational outreach team continually strive to promote financial education and stress the importance of making informed decisions about consumer finances.

According to the Finance Finesse study, the gender gap is the highest when focusing on the money and debt management habits of men and women, like the ability to save for such things as buying a home or car, sending a child to college or planning for retirement.

The report also noted that women are continually trailing men in every aspect of financial planning, except for those who are participating in some level of a company sponsored retirement planning or IRAs.

Howard Dvorkin, CPA and founder of Consolidated Credit, explains that the gender gap signifies a need to for continued financial education toward both men and women, regardless of their socioeconomic status or type of employment.

"Financial literacy is such an essential component of sustaining a stable lifestyle," said Dvorkin. "Our education outreach team creates materials targeted toward different audiences, including women and the elderly, to make sure everyone has tailored information to fit their particular situation."

Each year, Consolidated Credit promotes Financial Literacy Month to help consumers around the country learn how to manage their money successfully. Consolidated Credit was also recognized by The Institute for Financial Literacy as their 2012 Nonprofit Organization of the Year and was given an Excellence In Financial Literacy Education (EIFLE) award.

As part of its educational resources, Consolidated Credit has a 4-step guide to help consumers get started on improving their finances and being better prepared for the future. Certified financial counselors are also available to provide one-to-one mentoring to consumers who may need assistance with their money management and finances.

About:
Consolidated Credit is one of the nation's largest credit counseling organizations in the country and has helped over 5 million people over 20 years with financial issues. Their mission is to assist families throughout the United States in ending financial crisis and solving money management problems through education and professional counseling.

Media contact:
April Lewis-Parks
[email protected]
954-377-9344

SOURCE Consolidated Credit