Archives January 2014


DO Try This At Home

Teaching kids about money can be a serious challenge for families. One of the most common problems I hear from parents is that it is difficult to teach something so abstract. Meaning, because kids  do not take out mortgages and credit cards, they do not have the actual experience of taking financial responsibility, going through …


What Do You Want?

In my financial education work, I talk to a lot of different people. I talk to parents who are concerned about their kids’ financial know-how, and financial future. I speak with financial professionals who believe that financial literacy is critical to their clients’ success, through all the family’s generations. I talk to adult women who …


Why Bother?

Why bother? While recent studies have shown low financial literacy rates among Americans, some studies also bemoan the ineffectiveness of financial education. Having spent my fair share of time in graduate schools and knowing something about research, I can tell you that most studies need to be read with a careful eye, a decent understanding …


Watch Out — Moral Hazard!

Moral hazard is a great economic concept for financial consumers to understand. Moral hazard can mean that people have the tendency to do what benefits them most, even if it means not behaving responsibly.  Moral hazard can also be linked to information asymmetry, which is a scenario where one member of a transaction has more …