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I came across this article today:
How Financial Literacy Programs Can Do More Harm Than Good
I thought it might make for some interesting discussion here - particularly in that it related to mathematics education.
In summary, the author seems to be arguing that the evidence suggests that financial literacy programs (or at least those studied) have little to no impact on students' financial behaviour. He furthers his argument by taking the position that a person's financial status has little to no relevance to his or her own decisions and is instead predetermined external factors - such as being born into poverty.
For the record I disagree with a lot of what is said or implied in the article.
How Financial Literacy Programs Can Do More Harm Than Good
I thought it might make for some interesting discussion here - particularly in that it related to mathematics education.
In summary, the author seems to be arguing that the evidence suggests that financial literacy programs (or at least those studied) have little to no impact on students' financial behaviour. He furthers his argument by taking the position that a person's financial status has little to no relevance to his or her own decisions and is instead predetermined external factors - such as being born into poverty.
For the record I disagree with a lot of what is said or implied in the article.