President Obama, watching over years of personal finance deterioration due to Americans largely not understanding how to manage their finances, has declared April Financial Literacy Month.
Americans’ ability to build a secure future for themselves and their families requires the navigation of an increasingly complex financial system. As we recover from the worst economic crisis in generations, it is more important than ever to be knowledgeable about the consequences of our financial decisions. During National Financial Literacy Month, we recommit to improving financial literacy and ensuring all Americans have access to trustworthy financial services and products. — President Obama
It’s all well and good that Obama has declared April Financial Literacy Month, but that isn’t going to go a long way in educating teens and 20 somethings about how to mange their money. Thank goodness for the Internet, and personal finance bloggers. While news articles on retirement investing are generally targeted at 40-60 somethings, the news content on the web teaching about personal finance to those of us in our 20s in slim. Without the personal finance blogs I found in my early 20s, I would have never opened up a Roth IRA, a separate investing account, or bothered to explore my investment options outside of CDs. Retirement hadn’t even crossed my mind. Continue reading Personal Finance Should Be Taught in High School