Financial Literacy in Schools
In recognition of Congress' designation of April as Financial Literacy Month, this week's Stat of the Week focuses on the state of financial education in American schools. Policymakers and experts stressing the need for increased financial literacy often cite gloomy statistics like the
personal savings rate for Americans
, which
was -1 percent for 2006—the lowest it has been since the Depression.
Additional evidence suggests that high school students do not know...
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