Foreclosures have been increasing in our country long before the economic downturn we face today. According to Enterprise Community Partners Inc., a nonprofit organization focused on creating opportunities for low-income families to achieve homeownership, "the personal bankruptcy rate in the United States has increased by 69 percent." between 1990 and 2000.” Foreclosures are not something you can imagine. Americans can navigate correctly without knowing it. Studies show that it is without this knowledge that many people find themselves in dire economic conditions. In order for our country to develop a more effective approach to finances and overcome the foreclosure crisis we currently find ourselves in, I strongly assert that our people need more functional financial education. There is a serious financial literacy gap in our country. The Credit Union National Association, in a written statement to the Senate Committee on Banking, Housing and Urban Affairs in 2002, proclaimed that "there is ample evidence that financial illiteracy has reached record proportions and that its impact contributed significantly to increasing bankruptcy levels. and the decline in the general standard of living of many American families. » In fact, 43% of adults with the lowest level of financial literacy live in poverty. Only 4% of adults with the highest level of financial literacy are in the same situation. In 2006, USA Today reported that high school students surveyed in a 30-question financial survey answered an average of 52.4 percent correctly. Last time I checked, that percentage is a failure. And that's exactly what our country is doing to its population, by failing to educate them on how to navigate the terms and details of mortgages and real estate finances. As vital as math... in the middle of a paper... they prove they've taken a driving course. Adults should receive some sort of tax break or credit adjustment if they graduate from a financial literacy course. For those currently receiving government assistance, classes on finances and financial etiquette should be mandatory. This would provide some of our nation's most vulnerable people with resources to help themselves and their communities. Over time, the economic situation the United States currently finds itself in will improve and stabilize, home values ​​will begin to rise again, and our nation will experience a surge. collective sigh of relief as the foreclosure crisis comes to an end. However, at this point and before that, we must properly address our crisis of ignorance and start educating our people. Only then can we truly succeed and put an end to foreclosures in our country..