Abstract
It is a widely held belief that most Americans have a relatively poor understanding of finance, in particular as it relates to their current financial position and future needs. Evidence of this lack of knowledge is supported by numerous surveys on the state of financial literacy in the US. The goal of this chapter is to gain a more thorough understanding of the state of financial knowledge in the general population and to investigate the ways that knowledge is acquired. Using these findings as a base, the chapter presents survey results to evaluate the scope and depth of personal financial education in the nation’s colleges and universities.
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Notes
- 1.
For example, for the state of Washington, the sample was: University of Washington, Washington State University, Gonzaga, Seattle University, and Central Washington University.
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Corrigan, T.D. (2011). The Current State of Financial Education in the US: How is Higher Education Helping?. In: Lamdin, D. (eds) Consumer Knowledge and Financial Decisions. International Series on Consumer Science. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-0475-0_5
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DOI: https://doi.org/10.1007/978-1-4614-0475-0_5
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