Our Managing Director has a column in the Exception Magazine about how Financial Literacy Month takes on new importance in 2009.
If the public doesn’t know the difference between Dow Jones and Jim Beam, imagine how they are struggling at comprehending our economic crisis. Counterparty payments. Who? LIBOR. Lie what? Credit Default Swaps. Excuse me? Given our financial illiteracy, Brian Williams might as well be anchoring the Nightly News in Sanskrit.
By increasing education on economic and financial topics, for students of all ages, we can avoid making the same mistakes in the future. This Financial Literacy Month, we should all refocus on making sure we are making sound financial choices for ourselves and our family.
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[...] many people lack the understanding of what it takes to make it to the top, and Financial Literacy Month is as good a time to make that point as any. The essential tools for financial success begin with [...]