One of the most important lessons the subprime mortgage
crisis holds for us is just how poorly informed many Americans are when it
comes to making important financial decisions. Clearly, there is a need for
basic financial education. But when, where, and how should such education be
delivered? Financial literacy programs aimed at high school students do not
appear to be effective, and few adults are willing to expend the time, money,
and effort to acquire the sort of general education that would help them make
good… more