Are We a Nation of Financial Illiterates?
…widespread financial illiteracy. If anything, financial illiteracy in other countries is worse than in the United States. Q: Was there ever a time when financial literacy was better taught in…
The team that created the portable MRI: Clarissa Cooley, Jason Stockmann and Larry Wald. (Photo courtesy of the Martinos Center) MRI (Magnetic Resonance Imaging) is the gold standard for soft…
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…widespread financial illiteracy. If anything, financial illiteracy in other countries is worse than in the United States. Q: Was there ever a time when financial literacy was better taught in…
What’s the connection between conversations about money and financial literacy? Could the taboo against talking about your salary be fading? And why did Angie’s teenage daughter call Vanguard to learn…
What’s the connection between conversations about money and financial literacy? Could the taboo against talking about your salary be fading? And why did Angie’s teenage daughter call Vanguard to learn…
Education is the surest solution to a lot of problems. Except when it’s not.
The bad news: Roughly 70 percent of Americans are financially illiterate. The good news: All the important stuff can fit on one index card. Here’s how to become your own…
The bad news: roughly 70 percent of Americans are financially illiterate. The good news: all the important stuff can fit on one index card. Here’s how to become your own…
Annamaria Lusardi has been researching financial literacy for years. She has co-authored a new working paper (abstract; PDF) with Tabea Bucher-Koenen, Rob Alessie, and Maarten van Rooij called “How Financially…
We blogged a while back about the sad state of financial literacy in this country. This has been diligently investigated by Annamaria Lusardi and Olivia S. Mitchell, who insert a…
…instrumental variables, we show that these estimates probably underestimate the effects of financial literacy on retirement planning. In sum, around the world, financial literacy is critical to retirement security. …
…of financial illiterates? This is a “mashupdate” of “Is America Ready for a “No-Lose Lottery”?,” “The “No-Lose Lottery,” Part 2,” and “What Do Hand-Washing and Financial Illiteracy Have in Common?”…
…second point: while financial literacy is perhaps more complicated than sexual literacy (or maybe not?), there are probably 10 basic concepts that fuel an understanding of nearly everything else to…
…be more skeptical about the consequences of climate change. Increased scientific literacy also leads to higher polarization on climate-change issues: The conventional explanation for controversy over climate change emphasizes impediments…
Annamaria Lusardi, one of the leading academic lights of financial literacy, has begun a new Financial Literacy Center “to develop and test innovative programs to improve financial literacy and promote…
…Literacy (NAAL), which measures the English literacy of adults across the United States. Prose literacy, defined in the study as the ability to “search, comprehend, and use information from continuous…
In our latest podcast, “What Do Hand-Washing and Financial Illiteracy Have in Common?” we talked about America’s financial literacy problem, a topic we’ve written about before. In the podcast, two…
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Jim Yong Kim has an unorthodox background for a World Bank president — and his reign thus far is just as unorthodox.
You’ve seen them — everywhere! — and often clustered together, as if central planners across America decided that what every city really needs is a Mattress District. There are now…
Date Length What Exactly Is College For? We think of them as intellectual enclaves and the surest route to a better life. But U.S. colleges also operate like firms,…