How Much Did Americans’ Financial Illiteracy Contribute to the Great Recession?
We’re working on a new Freakonomics Radio podcast about financial illiteracy, a topic we’ve visited a few times on this blog. Two guests you’ll hear from in the episode have held the same title: chairman of the White House Council of Economic Advisors.
First up is current chairman Alan Krueger, whom I asked what would improve if Americans were more financially literate:
Read More »KRUEGER: I think first and foremost, we’d probably have greater savings. People are often in a situation where they have to live paycheck to paycheck. That’s something I think we need as a country to work to improve. Most importantly I think we can improve income growth for the broad middle class. But many people who seem to have the wherewithal to save for the future find it difficult to save.
Austan Goolsbee on Austan Goolsbee
Want to know a bit more about Austan Gooslbee, the newly appointed chairman of the White House Council of Economic Advisers? Straight from the horse’s mouth, here’s a Q&A we ran with him in July 2009. There are a lot of interesting answers, including several that are perhaps more interesting now than they were then. Read More »
