Best Financial Inclusion Quotes & Sayings
If you have a bank account, you might take your financial inclusion for granted. When you’re a part of the banking system, it’s easy to forget that there are billions of people worldwide who do not have access to any financial services. It is hard to imagine a life without financial services, but billions of people around the world do not have to imagine because it is very real for them. Modern society is pushing for worldwide financial inclusion. While this is a lofty goal, many believe it is possible and the need for financial inclusion are well documented. As influential people are gaining awareness of this problem, they are helping the cause with financial inclusion quotes. When they voice their opinions about, these people are swaying popular opinion toward furthering this worthy goal.
Celebrities and Experts Push for Financial Inclusion Through Quotes
According to the latest financial inclusion data, billions of people are excluded from the global financial system, forcing them to live in poverty and pass down little or no financial knowledge to their children. Recognizing that access to basic financial services is a prerequisite for changing the financial status of people and their families, respected members of society are pushing for greater inclusion in the global financial system through financial inclusion quotes. Their financial inclusion quotes bolster the efforts of financial education programs looking to increase their reach within communities.
Powerful Voices Speak Out About Financial Inclusion
“Too many Americans do not get their basic financial needs met by traditional financial service providers. By turning to alternative financial services, families often face substantial costs, including not only direct monetary ones but also lost economic opportunities.” – Jason Furman, Chairman of the White House Council of Economic Advisers, 2016
“Financial inclusion helps lift people out of poverty and can help speed economic development. It can draw more women into the mainstream of economic activity, harnessing their contributions to society.” – Sri Mulyani Indrawati, Minister of Finance of Indonesia, former head of the World Bank Group
“Without financial literacy, divorce rates soar, families rupture, and women stay with abusive men for financial security. A lack of jobs contributes to riots and illegal activity. Name any situation and it goes back to money. We need to focus on poverty eradication.” – John Hope Bryant, CEO of Operation HOPE
“It’s pretty much how we get anything added to the curriculum. When parents said children needed to be computer literate, the schools started responding. The same thing is true of basic financial literacy.” – Elizabeth Warren, United States Senator
“The good news, though, is that all of us can improve the security of our futures through financial literacy. With a better understanding of the basics of finance—how to save, budget and invest—we can increase both our earning potential and our prospects for a solid financial future.” – Reba Dominski, President of U.S. Bank Foundation
The Push for Financial Inclusion Draws Broad Support
“Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity is widely shared. Access to financial services plays a critical role in lifting people out of poverty, in empowering women, and in helping governments deliver services to their people.” Sri Mulyani Indrawati, Minister of Finance of Indonesia, former head of the World Bank Group
“At base, financial literacy is inextricably connected to control over one’s future.” – Ann Cotton, entrepreneur and philanthropist
“Academic qualifications are important and so is financial education. They’re both important and schools are forgetting one of them.” – Robert Kiyosaki, founder of the Rich Dad Company
“If you don’t understand the language of money, and you don’t have a bank account, then you’re just an economic slave.” – John Hope Bryant, CEO, Operation HOPE
“America’s peak years of indigenous innovation ran from the 1820s to the 1960s. There were a few financial panics and two depressions, to be sure. But in this period, a frenzy of creative activity, economic competition and rapid growth in national income provided widening economic inclusion, rising wages for all, and engaging careers for most.” – Edmund Phelps, Nobel Prize-winning economist
People Worldwide Turn to TV for Financial Inclusion Information
12.4% of those in the top quartile of financial knowledge relied on books and newspapers as their primary source of financial knowledge, compared to only 3.9% for those in the lowest quartile of financial competence (National Bureau of Economic Research). http://www.nber.org/papers/w13565.pdf
A study analyzing South Korean students found that youth who chose media as their primary means of economic education exhibited the highest levels of financial literacy (ResearchGate.net). https://www.researchgate.net/publication
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Influential Quotes About Financial Inclusion Bolster the Cause
The push for global financial inclusion is a tough goal, but one that is made easier by the support of noted influential individuals who express their support through financial inclusion quotes. Such financial inclusion quotes are instrumental in informing the public of a widespread problem that may not affect them, but does afflict less fortunate individuals around the world. While the right words can provide invaluable support, real change will only come about through the actions taken by government agencies and educators.
[1] National Financial Educators Council, Money Management Quotes