Improving financial well-being through knowledge
Welcome to AFI
The American Financial Institute® (AFI®) is a non-profit 501(c)(3) organization whose mission is to increase the financial competency of consumers by promoting financial literacy education and research. The institute is dedicated to helping people understand more about their money - how to save it, invest it, and manage it to meet their personal goals. AFI offers financial workshops to the public to ensure that basic personal financial management skills are attained. AFI is a partner with "Get Ahead Partnership" which consists of several organizations who also have increase financial literacy as an organizational goal. AFI works with community center organizations, college campuses, religious organizations, social and civic groups.
The American Financial Institute® (AFI®) is a non-profit 501(c)(3) organization whose mission is to increase the financial competency of consumers by promoting financial literacy education and research. The institute is dedicated to helping people understand more about their money - how to save it, invest it, and manage it to meet their personal goals. AFI offers financial workshops to the public to ensure that basic personal financial management skills are attained. AFI is a partner with "Get Ahead Partnership" which consists of several organizations who also have increase financial literacy as an organizational goal. AFI works with community center organizations, college campuses, religious organizations, social and civic groups.
AFI also offers licensure/certification courses in finance-related fields. Additionally, a great deal of AFI's efforts is dedicated to financial literacy research, which helps to bring greater visibility to the problems at hand and the need for financial education. AFI's goal is to bridge the financial intellectual gap in our society so that all Americans have an opportunity to enjoy the full benefit of their labor.
POOR FINANCIAL
HABITS
HABITS
• 40% of Americans say they live beyond their means.
• 60% of US households carry over some portion of their credit card debt every month. The average balance is more than $4,000.
• The US has the lowest personal savings rate of any major industrialized nation. Half of American Households have a savings of less than $1,200.
• From 1992-2000, disposable personal income rose 47% but personal spending climbed 61%. At the same time, the overall personal savings rate fell from 8.7% of disposable income in 1992 to zero in 2000.