This article talks about the state of financial literacy. What makes this article different than most of the others that I have come across, is that it talks about financial literacy in an international context. It quotes several well qualified scholars on the issue and not only discusses the need for financial literacy, but the article gives several different solutions for it, rather than just compulsory financa classes. It also discusses President Bush's new advisory on financial literacy and the consequences.

In this article, Pickard and Reichelt discuss the alternative to Financial Literacy classes in high school, online courses for students and adults on personal finance. This study offers that online courses are very useful tool in gaining financial literacy. The article discusses the state of our financial literacy in the context of family finances. Pickard and Reichelt also give valuable statistics on financial literacy in regard to important demographics such as race and income level. The authors connect the issues with personal finance with the macroeconomic issues, which is very helpful for the reader.

Kozup and Hogarth discuss the necessity of consumer warning labels on financial matters such as credit cards, mortgage, and mutual funds. They successfully make the analogy of indebtedness to obesity, and our financial state, like our health, can be helped by reading the labels on what they are consuming. The authors describe financial literacy partially as an ability to weigh the pros and cons of financial options available to them, as well as familiarity with the macroeconomic conditions of their environment. The authors also talk about third party financial intermediaries, and the role of policy in consumer saving. The authors offer a great variety of solutions to the problem of financial literacy, and the analogies make it very easy for the reader to understand and learn about the responsibility of financial literacy. Also, the rhetorical questioning involves the reader and implores them to form their own opinion.

Paula Bone discusses the relationship between several aspects of the mortgage process. She discusses that the more well informed the consumer is, the more likely he/she will have a better relationship with the mortgage company, and become more satisfied with their purchase. Also, she discusses the other side of the transaction. The more likely a mortgage company is to engage in immoral practices, the more dissatisfied the consumer will be with their loan. This is an interesting way to look at the mortgage crisis. It correlates to my point of the need for financial literacy in high schools. If people were more cognizant about their mortgages, they would be more likely to catch a mistake and be happier with their loans.

Annamaria Lusardi uses her blog to explain her day to day thoughts on the state of financial literacy in the nation. Her thoughts are generally in reaction to the current state of financial literacy or with criticism that she has heard for or against financial literacy. Her posts view financial literacy through the lenses of youth, as she is for financial literacy education in school. also, she discusses the state of retired peoples financial literacy. This source is very useful becasue it is usually very up-to-date, and the blogger has done a lot of research on the subject.

In this study, parents from the Texas Parent teacher association are surveyed on how much they would support an increase in their property taxes to pay for financial literacy classes in their children's schools. It is a very interesting way to look at people's view of financial literacy, and looking ar parent's view on the topic is very important because often the same values are enstilled in their children.

This article, available in PDF format through EBSCO, discusses the problem of "financial aliteracy." Most Americans have limited knowledge of strategies for saving and investing. This is a timely topic, given the current problems on Wall Street.

This blog, published by Stephen Dubner, talks about financial literacy among high school students, and the problems in a dangerously low financial literacy level. He also helps diagnose financial literacy by offering a series of questions to test the reader's own financial literacy. It is a very useful article to use not only in studying the financial literacy of America, but also to diagnose yourself on your own financial literacy. The comments posted on the blog are also very informative of the reactions to the freakonomics blog.

Supiano explains the extreme need for financial literacy in college campuses, where students are adults, yet still have very little financial knowledge or independence. Supiano discusses that without the new initiatives for new finance classes at colleges, non-business students would graduate with very little financial literacy, but in many cases with a lot of debt. This article paints a very great picture of the situation of our college financial literacy. The article gives helpful knowledge into some examples of college literacy initiatives, and offers many possible solutions to the financial literacy problem among college students.

This press release describes resident Bush's call for financial literacy, as he enstates an advisory board called the President's Advisory Council on Financial Literacy. President Bush recognizes the connection between financial literacy and the current economic crisis. This is a very informative source on the current events of the government, and a great depiction of Great Bush's view of the importance of financial literacy.

This article describes the results of the Federal Reserve Financial Literacy Test on high school seniors. It explains that the results of the most recent test are the worst in the history of the test. The article does a great job linking the poor results with the current mortgage crisis, and expresses the importance of financial literacy in consumers today. The article is very useful in providing concrete data on the state of our country's financial literacy.