Group items tagged

Free online personal financial advisor to help you manage your finances. Save money, decrease debt and make plans with Thrive. One of a number of websites popping up, designed to make users financially literate in a hands-on way.

It is shocking to see the statistic that almost 2/3 of individuals over the age of 50, still in the working environment, have not thought about their retirement. This failure to plan has lead Americans to financial illiteracy. Almost half of people in the workforce are unaware of pension and retirement funds that they as employees qualify for. The author suggests requiring proper planning aid information upon new employee orientation, educational programs as well as a personal incentive for individuals to think and plan for the future.

The article discusses financial-literacy programs at universities and colleges in the United States. Programs like Texas Tech University's help its students master the basics of budgeting, saving, and not buying what they can't afford. These programs are especially important as colleges grapple with rising costs and an economic downturn in the country. The author states that financial literacy affects student retention, productivity, and mental health, and may also generate good will in a time when colleges are being criticized for repeatedly raising tuition, fees, and housing costs. (From the EBSCO abstract.)

The article focuses on the problem of college debt and knowledge about financial terms. It also goes into discussion of what some universities are doing to help this problem by offering classes/seminars. Valuable article.