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Financial Literacy

financial-literacyThe study by the Program for International Assessment (PISA, 2012) showed that 15-year old American students ranked 8th among their counterparts in 18 countries in financial literacy. Almost 18% of American students cannot perform basic financial literacy tasks (Lusardi, 2015). Farrington (2014) claimed that college graduates lack basic financial literacy in issues of spending, use of debit and credit cards, budgeting, debt management, and saving. This website will provide essential tools to prepare students to improve their financial decision-making to enable them to achieve long-term financial stability while promoting critical thinking in applied contexts to assist them to succeed in their academic pathways. There is a need to address financial literacy in college to be able to provide prospective employers with graduates who are not only skillful in their professions but proficient in money management and financial decision-making.

The President’s Advisory Council on Financial Literacy defines personal financial literacy as “the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.” (2008 Annual Report to the President).

For Questions:

Maria Salome E. Davis, DBA
Recipient of the Marilyn C. Link Endowed Teaching Chair in Financial Management
IRSC Center for Financial Literacy or Telephone 772-226-2557

Joseph Semprevivo
Consultant for IRSC Center for Financial Literacy
Adjunct, IRSC Business Technology Department or Telephone 772-589-3113

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Our Center: The IRSC Center for Financial Literacy (IRSC CFFL)

The IRSC CFFL is the recipient of the Marilyn C. Link Endowed Teaching Chair in Financial Management from 2017 to 2020. The IRSC CFFL’s mission is to provide financial literacy educational programs, activities, and materials to assist students and the community in making informed financial decision-making. The IRSC CFFL will provide essential materials to assist students to improve financial decision-making to enable them to achieve long-term financial stability.

Disclaimer: The information provided here is for information purposes. The links provided to external websites are provided as a courtesy and are not endorsements from IRSC.


The IRSC Center for Financial Literacy sponsored an essay writing contest to encourage students to think about the importance of financial literacy in their personal lives and to prepare them for the financial challenges of the 21st century.


First Prize -
Gabriella Mumford
(Bachelor's Degree in Business Administration)

Second Prize -
Bradley Zebrowski
(Associate in Arts)

Third Prize -
Alexis Barron
(Bachelor's Degree)

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