Are We a Nation of Financial Illiterates?
…three of Lusardi’s questions correctly. The subjects simply didn’t come up. Just as they apparently didn’t for the two-thirds of the older respondents to Lusardi’s questions. The good news is…
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…
…three of Lusardi’s questions correctly. The subjects simply didn’t come up. Just as they apparently didn’t for the two-thirds of the older respondents to Lusardi’s questions. The good news is…
Education is the surest solution to a lot of problems. Except when it’s not.
What do you do when smart people keep making stupid mistakes? And: are we a nation of financial illiterates? This is a “mashupdate” of “Is America Ready for a “No-Lose…
…Annamaria Lusardi of Dartmouth. This week’s NBER e-mail blast describing the latest crop of economics working papers includes nine papers; of those, four are written or co-written by Lusardi on…
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…
When one athlete turned pro, his mom asked him for $1 million. Our modern sensibilities tell us she doesn’t have a case. But should she?
Annamaria Lusardi, the doyenne of financial (il)literacy reseach (she has appeared on this blog and on Freakonomics Radio), is back with more depressing news. The Wall Street Journal summarizes: In…
James Surowiecki writes about one of this blog’s frequent topics of interest: financial illiteracy. Surowiecki includes insights from Annamaria Lusardi‘s research and Gary Rivlin‘s new book, Broke, USA. He proposes…
It’s a well-documented truth that many Americans are financially and economically illiterate – a handicap that some believe contributed to the recent financial crisis.? A 2008 paper by?Annamaria Lusardi, Olivia…
…Loewenstein, Annamaria Lusardi, and many, many others. I will write up some of what I learned at AEA in the coming weeks, and you’ll surely hear traces of it in…
…debates: The highlights: * Annamaria Lusardi, Daniel Schneider and Peter Tufano on Household Financial Fragility * Eric Swanson on Operation Twist: Quantitative Easing in the 1960s * Greg Mankiw and…
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…
…Council of Economic Advisers chairmen discuss the role of financial illiteracy in the recession. And economist Annamaria Lusardi and legal scholar Lauren Willis offer their solutions to the problem. Two…
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…
Not long ago, I wrote about the sad state of financial literacy in the U.S., and how some people, like Annamaria Lusardi of Dartmouth, are proposing widespread education to fix…
Annamaria Lusardi, whose ground-breaking research on financial literacy has been featured here several times, has put out a new working paper (with co-authors Pierre-Carl Michaud and Olivia S. Mitchell) that…
Most people don’t enjoy the simple, boring act of putting money in a savings account. But we do love to play the lottery. So what if you combine the two,…
After eight years and more than 300 episodes, it was time to either 1) quit, or 2) make the show bigger and better. We voted for number 2. Here’s a…