New Report: Policy Options to Improve Financial Education
Posted by on January 22, 2007
Policy Options to Improve Financial Education: Equipping Families for their Financial Futures (pdf)
Leslie Parrish and Lisa Servon, New America Foundation
June 2006
Sorting through credit card offers, deciding how to invest retirement funds in the stock market, picking the right mortgage from a myriad of options, deciding how to save for a child?s college tuition?the scope and diversity of the financial decisions a family has to make has grown exponentially. Former Federal Reserve Chair Alan Greenspan observed, ?Today?s financial world is highly complex when compared with that of a generation ago. Forty years ago, a simple understanding of how to maintain a checking and savings account at local banks and savings institutions may have been sufficient. Now, consumers must be able to differentiate between a wide range of financial products and services, and providers of those products and services.? (Greenspan, 2003).
Read more at:
http://www.assetbuilding.org/AssetBuilding/Download_Docs/Doc_File_1494_1.pdf
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