Financial Literacy

Financial Literacy Matters

Welcome to the forefront of a critical issue facing our society today:

Financial Literacy!

In an age of unprecedented technological advancement and economic complexity, the need for financial education has never been more pressing. Yet, as we stand on the cusp of a new era, studies reveal a troubling reality: the majority of individuals lack the fundamental knowledge and skills needed to navigate the intricacies of modern finance.

According to recent surveys, a staggering percentage of adults struggle to understand basic financial concepts such as interest rates, budgeting, and debt management. This deficiency not only poses immediate risks to individuals and families but also threatens the long-term stability and prosperity of our economy as a whole. From the transition to digital currency to the proliferation of complex financial products, the challenges we face are multifaceted and ever-evolving.

At 99 Games, we recognize the urgency of this issue and are committed to addressing it head-on. Our mission is clear: to empower individuals of all ages with the knowledge and skills they need to secure their financial futures. Through this innovative educational tool and immersive experiences, we strive to equip the next generation with the confidence and competence to thrive in an increasingly complex financial landscape.

Join us in our mission to ensure that no individual is left behind in the march towards financial empowerment. Together, we can build a brighter future for ourselves, our families, and generations to come.

Financial Literacy

Transition to Digital Currency

In 2019, cash usage in transactions fell below 30% for the first time, signalling a global shift towards digital payments. However, according to a survey by the Federal Reserve, only 43% of adults were able to correctly answer a question about interest rates. This knowledge gap can lead to individuals making uninformed financial decisions in this age of digital payments systems.

Debt Management

Poor financial literacy can lead to excessive debt and financial instability. According to the Federal Reserve, total household debt reached $14.96 trillion in 2021, with credit card debt accounting for a significant portion. By learning how to budget, save, and manage debt responsibly, programs like CASH play a crucial role in promoting financial well-being.

Family Well-Being

Financial stress can take a huge toll on families, impacting relationships, mental health, and overall well-being. Studies show that couples who argue about money are more likely to separate or divorce. By equipping individuals and families with the knowledge to manage their finances, CASH can help strengthen family bonds and create happier, healthier households.

Employment and Income

Financial literacy is closely linked to employment and income levels. Research by the OECD reveals that individuals with higher financial literacy are more likely to be employed and earn higher incomes. By equipping individuals with the necessary financial skills, initiatives like CASH can contribute to economic empowerment and social mobility

Long-Term Consequences

The consequences of poor financial literacy are far-reaching. According to a study by the National Financial Educators Council, 43% of adults are unable to pass a basic financial literacy test. This lack of knowledge contributes to high levels of debt, inadequate retirement savings, and financial stress, affecting not only individuals but also the economy as a whole.

Impact on Generational Wealth

Individuals with high levels of financial literacy are more likely to build and maintain generational wealth. According to the Global Financial Literacy Excellence Centre, parents who discuss money management with their children are more likely to influence positive financial behaviours as they enter adulthood, highlighting the inter-generational impact of financial education.

About

We are driven by a singular passion...

Deliver knowledge and education
through the power of games.

We believe that learning should be engaging, interactive, and fun. By harnessing the immersive nature of gameplay, our mission is to uplift people and communities, one lesson and one game at a time. Our commitment is to empower you with the knowledge and skills they need to thrive in this ever-evolving world.

Join us in our journey to lift the world to a smarter, more informed place.

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