---
title: Introduction to Inflation
description: What is financial literacy? The World Bank defines the term as “the level of aptitude in understanding personal finance. It often refers to awareness and knowledge of key financial concepts required for managing personal finances.” 
---

[blog](https://americanimpact.org/blog)

# [Introduction to Inflation](https://americanimpact.org/blog/introduction-to-inflation)

 Written by [American Impact](https://americanimpact.org/blog/author/american-impact) | Oct 7, 2022 6:10:40 PM

What is *financial literacy*? The World Bank defines the term as “the level of aptitude in understanding personal finance. It often refers to awareness and knowledge of key financial concepts required for managing personal finances.” 

In other words: do you know how to manage your money and make informed and responsible decisions with it? For too many Americans, the answer is *not really*. 

[View full post](https://americanimpact.org/blog/introduction-to-inflation)

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