Financial Literacy Important for Future - 0 views
-
David Cahill on 20 Mar 09Ian B. Davidson discusses the importance of financial literacy and how American society has gradually shifted from a "save now, buy later society" into a "buy now, save later society." He discusses the accelerating rate of bankruptcies as well as family breakups and growing welfare in the U.S. Davidson discusses a program that he sponsors at Montana State University that allows students to manage a $50,000 portfolio. The effectiveness of this program speaks for itself because its returns are continually much higher than the average Dow Jones returns.