41+ Best Financial Literacy Quotes. Please understand that our phone lines must be clear for urgent medical care needs. In fact, nearly half of startup companies fail within the first four years. It's crucial to start the journey to financial literacy early. Stop making excuses for not understanding financial documents while an increasing number of businesses are opening up, failure rates are also on the rise. Sally anscombe / getty images financial literacy is the ability to understand the pro. Learn the importance of financial literacy. If you're working to improve your answers to both questions, it helps to know that there are plenty of great educational resources out there to assist you. Many of us were never taught the basics. The irs would like to better understand how individuals make financial decisions about a range of topics such as managing money, getting a loan, saving for retirement, and paying taxes. Even though financial literacy is now mandatory in 17 states, most teachers are underprepared and the quality of the information is low.