This article brings up the idea that Americans and America in general, are not the greatest at managing money. With the introduction of financial technology, there is a space in which Americans can learn about money management, but most fintech companies focus heavily on payments and lending. This focus exacerbates the issue of poor money management. Additionally, media coverage surrounding fintech is heavily focused on technologies that simply make it easier for people to spend and send money rather than save or invest money.
There are certain companies pushing out applications with a focus on money management, but these are few in comparison to the type of applications mentioned previously. Considering that most Americans spend the same or more than what they make, a focus on financial literacy is important for future financial successes. The article goes on to state that an increase in financial literacy for voters and politicians would enable America to solve its economic issues. Although the sentiment of the article rings true, the statements seems drastic. There is more that can be done (ie. education) to improve financial literacy irrespective of fintech. Such solutions will ultimately aid in this financial literacy issue, not solve it.
http://www.thinkadvisor.com/2017/01/23/when-it-comes-to-financial-literacy-fintech-is-dro