(Originally published in U.S. News & World Report)
Education Secretary Arne Duncan recently offered a compelling speech pushing American students to learn about money and finance in school. “Young people, to be successful, to secure retirement, to take care of their families, and to not be in poverty, have to have a level of financial literacy that 30, 40, 50 years ago maybe wasn’t required,” Duncan said. “Today it’s an absolute necessity.”
This is important for several reasons.
First, when tested for financial literacy in 2012, American teens scored below average and far short of those in countries like China, Australia and New Zealand, according to the results of a recently published Organization of Economic Cooperation and Development survey…read more here.
