NPR Ed – Gabrielle Emanuel
“…statistics show how woefully uniformed Americans are about their finances. This situation has prompted both federal and state efforts to increase financial education. But there’s a problem: Research suggests financial education may not lead to better financial choices. In the short term, personal finance classes sometimes lead to better scores when students are quizzed on subjects like credit, debt and banking. But …There’s no clear link between taking personal finance classes and saving more, paying off debts or raising your credit score…That doesn’t mean we should stop teaching about money. It just means we need to do it better…there are techniques that seem to work.”(more)