What's New at PA Forward®

PHEAA Offers Webinar about filing your FAFSA on March 24th

PHEAA will be offering two FAFSA overview webinars throughout the state on March 24th.    It will be followed by a […]

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2021 National Library Week – April 4 to April 10

WELCOME TO YOUR LIBRARY! Libraries have been adapting to our changing world by expanding their resources and services. This National […]

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2021 Information Literacy Summit

2021 Information Literacy Summit

SAVE THE DATE: Wednesday, July 21, 2021 The PA Forward® Information Literacy Summit is an exciting program opportunity for anyone […]

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Tales and Tails and Health

The Pennsylvania Library Association’s PA Forward® initiative is happy to announce a partnership with the National Network of Libraries of […]

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PA Savings Pledge

Pledging to Make Savers Winners!

The many different ways/benefits of encouraging great savings among all Pennsylvania families just got better! PA Treasury continually looks for […]

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Financial Literacy

How is financial literacy defined?

Having the knowledge and understanding necessary to make informed fiscal/economic decisions for personal life planning and business interests including responsible budgeting, spending and saving skills.

Good readers generally have more financially rewarding jobs. Proficient readers are 2.5 times as likely as basic readers to be earning $850 or more a week.

Good readers generally have more financially rewarding jobs. Proficient readers are 2.5 times as likely as basic readers to be earning $850 or more a week.

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Right now, about three-quarters of the fastest growing occupations require more than a high-school diploma, and yet just over half of the U.S. citizens have that level of education.

Employers rank reading and writing as top deficiencies in new hires. Thirty-eight percent of employers find high school graduates "deficient" in reading comprehension, while 63% rate this skill "very important."

38% of basic readers said their reading level limited their job prospects.

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More than one in six U.S. students do not reach the baseline level of proficiency in financial literacy.

45% of U.S. adults give themselves a grade of C,D or F on their personal finance knowledge.

Thousands of Pennsylvanians contact the Attorney General's Office each year about credit card charges, finance scams, and misleading solicitations.

Thousands of Pennsylvanians contact the Attorney General's Office each year about credit card charges, finance scams, and misleading solicitations.

By the Numbers

  • One in four adults do not save any portion of their income for retirement, and about 30% are not confident they are saving enough for retirement.
  • In Pennsylvania, about 65% of people do not compare credit card offers before making a decision, a practice that can result in higher interest rates and higher borrowing costs.
  • Of credit card holders, 47% carry a credit card balance and 22% have been contacted by a debt collection agency in the last year.