“While there are many causes to the economic problems facing this country, it is undeniable that lack of financial literacy is a contributing factor.”
-Charles Schwab, Chairman of the President’s Advisory Council on Financial Literacy
You can click here to read the 2008 report.
Keep in mind that although I have highlighted this very important government foray into improving financial literacy in America, I still firmly believe that parents are at the heart of the solution. Although we should all appreciate the effort being put forth to improve youth financial literacy on the national and state levels in our schools, children will ultimately learn their most important lessons from parents who model behaviors, good and bad, for their children.