I stumbled upon a great article over at Forbes yesterday that I thought was worthy of a post. It speaks to America’s lack of financial literacy and shares some eye opening results from various financial surveys taken in the past few years.
Financial Illiteracy Is Killing Us
My favorite quote of the article:
“The good news is that most college graduates are financially literate. The bad news is that only 28% of Americans graduate from college, leaving nearly three quarters ill-equipped to make critical financial decisions”.
The author makes a point to state that financial education needs to be taken more seriously in our schools and I agree 100%. What about you, do you think personal finance is something that should be given more emphasis in the educational system?
I wasn’t allowed to graduate without supplementing my engineering degree with a course in personal finance. Very much worth it, thanks dad.