- SF Chronicle tackles question of how consumers learn about money (interesting that no one talked about how they learned about this in school):
- Family: "The individuals I interviewed frequently cited money advice they had learned from a parent or partner -- or a poor parental role model whose financial behavior they vowed not to repeat."
- Early job experience: "Many people I spoke with said their first insights about money came through a job they had as a child or young adult."
- Some basic truths learned along the way: "Much of the money wisdom that people shared with me came down to some basic truths: pay yourself first (i.e., put away part of your paycheck in savings); don't spend more than you make; money does not grow on trees; money doesn't always buy happiness."
- Canadian financial literacy task force barnstorms the country with the following plan:
"The 13-member task force will meet with Canadians in 15 cities. It has also launched a website (on Financial Consumer Agency of Canada site) where Canadians will be able to offer feedback on questions about savings, debt and financial planning, beginning in April.
The group released a consultation document Monday, dubbed "Leveraging Excellence," as a starting point to discuss a broad range of issues including managing debt, saving and investing, retirement planning and preventing fraud."
- TimeMAPS financial literacy software selected by Texas State Board of Education for grades 9-12 to meet state graduation requirements:
The TimeMAPS program uses the most recent financial data provided by the federal government and is updated annually for all regions in the United States. TimeMAPS also includes a comprehensive curriculum CD and customizable online assessment capabilities that minimize paperwork for educators, allowing more time for instruction."
- Iowa and Illinois have added requirements for financial literacy, according to the Quad-City Times:
- University of Missouri received $29,900 grant for financial literacy activities:
- Inside Higher Ed reports that new credit card bill recommends that schools provide debt education to students:
"Educators know well that for education to occur, it must happen at a teachable moment," Gross writes. "For any complex subject like finance, there is no less teachable moment than orientation -- when students are seeking to settle into their rooms, meet their roommates, find classrooms, the bathroom and the dining hall."
- Study from Mintel Comperemedia finds young adults very interested in gaining more financial knowledge: