What is the primary purpose of financial literacy programs like LifeX?

The primary purpose of financial literacy programs, such as LifeX, is to educate individuals on managing personal finances. This includes teaching essential skills and knowledge related to budgeting, saving, understanding credit, and making informed financial decisions. By providing individuals with the tools and understanding necessary to effectively manage their finances, these programs aim to empower them to achieve financial stability and make better choices that enhance their overall financial well-being.

Financial literacy lays the foundation for individuals to understand complex financial concepts and navigate the financial system more effectively, thus fostering greater independence and responsibility in personal financial management. This contrasts with the other options, which focus on specific areas like investment or tax advice, rather than the broader goal of overall financial management education.