Teaching kids more money savvy could avoid a financial crisis
More news sources are chiming in with reports on how a bit more financial literacy amongst Americans could have helped the financial crisis we are in today. This newest one is from MarketWatch:
If personal finance were a high-school graduation requirement, would we have avoided the current financial crisis? Probably not. But a higher level of money smarts among American consumers might have ameliorated some of the problems we’re seeing today.
“You don’t blame the victims for what happened, but you also recognize that fewer people would have been hurt if they had known a little bit more,” said Laura Levine, executive director of the JumpStart Coalition for Personal Financial Literacy, a Washington-based financial-education advocacy group.
Personal finance isn’t something most people learn in school.
To read more of this story, check out MarketWatch.
Filed under: Money Tips, News
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