Money is one of the biggest sources of stress for people around the world. Whether it’s paying bills, saving for retirement, or dealing with unexpected expenses, managing money can be a daunting task. But for some, the stress of money may be due to a lack of financial literacy.

Financial literacy refers to the knowledge and skills required to make informed and effective decisions about money. It includes understanding concepts such as budgeting, saving, investing, and managing debt. Unfortunately, many people lack the necessary financial knowledge to effectively manage their finances, which can lead to money-related stress.

According to a survey by the National Financial Educators Council, nearly two-thirds of Americans are unable to pass a basic financial literacy test. This lack of knowledge can lead to poor financial decisions, such as taking on too much debt or not saving enough for the future.

The consequences of financial stress can be significant, both for individuals and society as a whole. Financial stress has been linked to a range of health problems, including anxiety, depression, and high blood pressure. It can also lead to decreased productivity and increased absenteeism in the workplace.

So what can be done to combat financial stress caused by a lack of financial literacy? The answer is education. By increasing financial education and literacy, individuals can make better-informed decisions about their money, leading to less stress and better financial outcomes.

Financial education can take many forms, including classes, online resources, and workshops. Some employers even offer financial education programs to their employees as a way to improve financial wellness and reduce stress in the workplace.

In conclusion, if you find yourself stressed about money, it may be due to a lack of financial literacy. The good news is that there are many resources available to help you improve your financial knowledge and skills. By investing in your financial education, you can reduce stress, improve your financial situation, and take control of your money.