The Huffington Post – Chris Mettler
“There has been a long dispute over whether or not state-mandated financial education programs in high schools actually help improve financial literacy and overall financial health in adulthood. However, new research has emerged that provides consistent evidence that these programs are effective. According to a report by the Consumer Financial Protection Bureau (CFPB), financial education is defined as, “A process of lifelong knowledge and skills development required to achieve financial literacy, mitigate financial risks, protect assets and ensure ongoing effective management of one’s savings, credit, debt, housing, and other resources to maximize financial well-being of individuals and society.” Recently, two new studies were released which prove that proactive financial education is key to a more financially literate America.”(more)