According to the U.S. Bureau of Labor Statistics, 33.8% other high school graduates directly enter the workforce and are fully reliant on the financial literacy information the educational system has taught them up to that point. Financial literacy is essential to developing the necessary skills used in everyday life such as managing money, handling debt, and investing. Not only does financial literacy develop one’s understanding of money, but it also has an impact on other important aspects of life such as career, relationship, and communication.