Friday, May 11, 2007

Moms Most Influential in Teaching Finances

Some not-so-great news for moms comes at us in this article, moms more influential than dads at teaching Americans about money.

Way to go moms! But maybe being influential isn't enough. Why? Because a Jump$tart Coalition for Personal Financial Literacy survey found that graduating seniors scored a 52% on a personal finance and economics literacy test. Oops.

Obviously these skills are not being taught in school, and although Janet Bodnar praises women for teaching Americans about finances...their kids failed. Looking at the debt and mortgage problems we adults have put ourselves in, I think we need to work a bit on our own education as well.

Do we dare ask what score parents would get if they were given the same test?

In case you didn't know (I sure didn't) April is Financial Literacy Month.

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