The United States has a sophisticated system for safeguarding, transferring and managing money. Economic matters are a separate issue. The housing and mortgage bubble that surfaced in 2008 hit banks and financial institutions hard. This led to a liquidity crisis, immense government bailouts, and a decline in confidence in the system.
While the federal government prints the currency and mints the coins, most of the financial institutions you will deal with as a consumer will be entirely private: banks, savings institutions, insurance companies, credit card companies and investment brokers. The major exception, of course, comes in the realm of taxes, both federal and state.
These sections on personal finance in the United States divide into five key areas: banking, credit, insurance, investments, and taxes.
Next Section:What American Money Looks Like
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