Dodd-Frank financial reform mandated a study on what Americans understand about investments. The results weren’t pretty.
Financial Literacy
Does Financial Education Work? Clinton Global Initiative and PwC Bet $160 Million That It Does
The financial literacy movement is getting a valuable boost. At the second gathering of the Clinton Global Initiative America, which runs today and Friday in Chicago, the accounting giant PwC will unveil a $160 million campaign …
What President Obama Wants You To Tell Your Kids About Money — and When
A useful new government website has just gone live, offering easy teaching points for parents who want to help their kids grow up knowing a thing or two about compound interest and 19 other key financial concepts.
Should Colleges Earn Money From Prepaid Student Debit Cards?
Prepaid debit cards are becoming the de facto debit cards for a growing number of people these days. This is partially because issuers are promoting the heck out of them and partially because people, especially younger people, view them as preferable to a traditional bank account. As a result, a small number of colleges are experimenting …
How an Ad Will Persuade You to Talk to Your Kids About Money
Coming soon to a magazine, newspaper or Web page near you: emotionally charged public-service messages designed to jolt parents into having “the talk” with their kids. Not that talk. The tougher one about how to budget, save and …
Financial Literacy: U.S. Trails … Brazil and Mexico?
A new survey from Visa ranks 28 nations by their commitment to financial education. The U.S. finishes fourth. But everyone fails.
More Americans ‘Flunk’ Themselves in Personal Finance
Financial advisers have a saying: When the stock market is going up, everyone looks like a genius. These days, folks aren’t feeling so smart—and not just about their investments, but about many aspects of their personal finances.
Op-Ed: Improving Financial Literacy Is Essential to Our Nation’s Economic Health
April has been designated National Financial Literacy Month, so now is a good time to reflect on the importance of financial literacy and its impact on our nation’s future financial health. Many Americans still need better
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A Step Backwards in Spreading Financial Literacy
A new report shows the that financial education movement is losing momentum. Fewer states are requiring coursework. In some, they’ve stopped teaching economics at a time when economics is on the front page almost daily.
Pension Backstop Posts Record Shortfall. Is a Bailout Next?
Put another nail in the coffin of private pensions. The Pension Benefit Guaranty Corp., a government agency that insures corporate defined-benefit plans, has been running a record deficit. Now it’s sending up flares for either a taxpayer bailout or higher insurance premiums from the companies that still offer these plans. Good luck on …
Hey, Education Secretary Duncan, Let’s Teach Kids About Money (Not Just Talk About It)
Speaking to a White House advisory group this week, Secretary of Education Arne Duncan highlighted the need for schools to begin teaching students about personal finance as early as kindergarten. He’s dead on. But what’s he …
A Money Message in Every Tweet
As financial literacy experts struggle to find ways to teach people how to better manage their money, one emerging strategy seems to have legs: reminders broadcast over social media. It works for young and old.
