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16 Nov 2009 07:39 am
The Basics
Mike Konczal and Mary Kane ask why financial literacy isn't being taught to the public:
As Calculated Risk has repeatedly asked,
why aren’t consumers being educated on the perils of not paying their
credit card bills off in full every month? Probably because, in the
absence of untainted financial literacy advice, a company like Visa is
backing a high-profile financial literacy initiative. It seems unlikely advising people pay off their credit cards is the focus of that effort.
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