A huge proportion of our population never receives any formal education on managing their personal finances. The case for this education is compelling, as financial literacy has been tied to everything from better retirement planning and saving to lower rates of bankruptcy and loan delinquency to increased confidence and personal happiness.
There are also benefits in the workplace of increased financial education as employers see increased worker productivity, reduced absenteeism, lower administrative costs, reduced turnover, and increased morale.
For more data supporting these conclusions please see:
Jumpstart "Making the case 2012"
PFEEF "Benefits of Financial Education Programs"
NBER "The Importance of Financial Literacy"
This is by no means a comprehensive list, but simply a sample.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
