*Financial education needed to help U.S. economy
COLUMBIA, Mo. – Bad mortgage loans and rampant consumer debt were two of the primary causes for the recent economic recession in the U.S. Despite a national trend of debt problems, a University of Missouri researcher has found one American population that holds almost no consumer debt outside of typical home mortgages. (more…)
*According to a UA study, cumulative education leads to more financial knowledge and more positive financial behaviors.*
New research from the University of Arizona shows that high school and college students who are exposed to cumulative financial education show an increase in financial knowledge, which in turn drives increasingly responsible financial behavior as they become young adults.
In fact, researchers at the UA Norton School of Family and Consumer Sciences documented a “snowball effect” that these early efforts exponentially increase the likelihood that students will pursue more financial education as time goes on, including informal learning through books, magazines and seminars. (more…)
