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Financial Illiteracy in America - Its Causes, Impact & Solutions (Paperback)
Loot Price: R424
Discovery Miles 4 240
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Financial Illiteracy in America - Its Causes, Impact & Solutions (Paperback)
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Loot Price R424
Discovery Miles 4 240
Expected to ship within 10 - 15 working days
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Many of the financial problems facing the U.S. can be traced to
financial illiteracy among large segments of the population.
Consider: 1. If people understood the relation between the economy
and monetary policy they probably would not have taken out
adjustable rate mortgages at precisely the time the Federal Reserve
was set to raise interest rates. 2. If people understood the
difference between the effective annual and the annual percentage
rate they would likely incur less high cost credit card debt. 3. If
people understood the benefits of tax-deferred compounding they
likely would begin contributing to their retirement plan earlier in
life -- resulting in substantially more wealth when they retire.
Financial Illiteracy in America argues that financial illiteracy
derives from the absence of personal finance instruction in most
U.S. public high schools and a mistaken reliance, on the part of
many, that the best way to learn about financial topics is through
one's parents or life experiences. The problem is that most parents
do not have the financial background to impart financial knowledge
to their children, while learning through life experiences often
results in costly mistakes or realizing a problem when it is too
late. Financial Illiteracy in America outlines what young people
need to know to get a head start in putting their lives on a sound
financial footing including topics such as: - Using financial
services intelligently - Does a young person need insurance? -
Opening and operating a brokerage account - Investments a young
person should make - Globalization effects on the prices of goods
and services purchased by young people Finally, Financial
Illiteracy in Americaa presents a curriculum for teaching personal
finance to high school students. Financial Illiteracy in America
was written by Eric J. Weiss, Certified Financial Planner
PROFESSIONAL who also teaches an "Introduction to Finance" course
to college students. Mr. Weiss's experience with clients and
students sparked the idea for this book and has convinced him of
the paramount importance of increasing financial literacy in the
U.S.
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