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Sustainable Personal Finance

A new white paper released by The McGraw-Hill Research Foundation, “Sustainable Personal Finance”, authored by Robert B. Walker, Ph.D., advocates an alternative approach to teaching financial literacy to people of all ages–at home, in school, in the workplace and at retirement.  “The U.S. is facing a dangerous knowledge gap in financial literacy for adults and children that is threatening the future economic empowerment and self-sufficiency of Americans.  Statistics on foreclosures, debt accumulation and habits of over-spending and under-saving, are evidence that insufficient understanding of basic financial principles is causing critical economic and societal problems. Fourteen states now require that high school students take a personal finance class and 22 states require an economics class, and while this is a start toward improving financial literacy, it’s far from enough.”

To download a copy of the paper, please CLICK HERE