I just read an article that discussed the fact that teenagers in the U.S. lack the financial literacy necessary to handle finances going forward. The article even lists some of the questions on the exam. This to me is of no surprise. I would bet that the adults aren't any better. The easiest way to tell that is how the savings rate continues to bottom out while the consumer debt continues to rise.
Article: USA Today: U.S. teenagers lack financial literacy
Has the time come to maybe cut a little of the PC education in schools and start teaching things that kids actually NEED to know?
Technorati Tags: Education, Finance
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