Monday, February 29, 2016

Headline - "Connecticut fails financial literacy"

The Greenwhich Time covers the unsuccessful efforts to pass financial literacy legislation in Connecticut despite that fact that the state ranks "near the bottom for financial literacy in the U.S."

There a nice quote from the state senator who has championed a financial literacy education requirement for the last eight years.
You have generations of kids graduating without a clue about managing their personal finances,” Frantz said. “It doesn’t have to be anything more sophisticated than how to balance a checkbook, understanding a credit card and interest rates, being aware of the marketing tactics that credit card institutions use. It’s an area that we need to improve upon significantly going forward.”