There is a significant prevalence of money anxiety within both students and professionals in the beauty industry. This anxiety stems from negative associations and stories related to money, which are often perpetuated by a lack of financial literacy and education. Despite this anxiety and low financial literacy scores, individuals still rate themselves relatively high in terms of financial confidence. However, there is hope for improvement through financial education programs like Qnity for Schools, which have shown to significantly increase financial confidence among students. This highlights the importance of addressing financial literacy within the beauty industry to transform fear into confidence and empower individuals to better manage their finances.
Read more about The State of Financial Literacy for Beauty & Wellness Pros on Qnity for Schools
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