21 Terms Every Money-Savvy Person Knows

There’s a serious financial literacy problem in America. There’s little personal finance education that takes place in schools, and families don’t have open conversations about money nearly as often as they should. As a result, many Americans don’t know some important financial terms that could help boost their long-term financial health. With that in mind, here are 21 terms that all Americans should know, understand, and apply in their financial lives.