Financial literacy can make, break money management efforts
Wednesday, March 05, 2008When President George W. Bush cited the nation's subprime mortgage debacle in the formation of the President's Advisory Council on Financial Literacy, he was the latest to acknowledge that Americans need to be better educated about financial and savings matters, says a consumer educator in Penn State's College of Agricultural Sciences. "Pennsylvania Secretary of Banking Steve Kaplan recently cited a workplace financial education report claiming that nearly 30 million working adults - one in four - are suffering serious financial distress," says Cathy Bowen, associate professor of consumer issues programs. "This can have a negative effect on employee performance and the company's bottom line." (more)














