personal finance Archives

Dollars and sense: The case for teaching personal finance

A person is calculating finances using a calculator and documents on a table. There are credit cards, a smartphone, eyeglasses, and a notepad nearby.

Profs. Olivia S. Mitchell (Wharton) and Annamaria Lusardi (Stanford) highlight the transformative role of financial education to bridge gaps in financial literacy. …Read More

Financial literacy: The importance of a new field

An open book with a tree growing out of it, with branches and leaves made of money, symbolizing knowledge leading to wealth. In the background are blurred chalkboards.

Researchers Annamaria Lusardi of Stanford’s SIEPR and Olivia S. Mitchell of Wharton’s Pension Research Council founded the new field of financial literacy, key for personal finance teaching and retirement policy; see their blog VoxEU.…Read More

Understanding basics of financial literacy is a must

A stack of books, a jar labeled "Save" with coins and bills, a graduation cap, colored pencils in a holder, and a rolled diploma tied with a red ribbon, symbolizing education and financial savings.

Understanding personal finance and risk management matters for financial wellbeing, yet many lack basic financial knowledge report researchers Annamaria Lusardi of the George Washington University School of Business and Olivia Mitchell of the Wharton School, via the Star Tribune.…Read More

How schools are prepping Gen Z for financial literacy

A small group of people gathered around a laptop, pointing at the screen, possibly collaborating or discussing something on the computer.

Should personal finance be mandated in high school? More ways to make financial mistakes point to YES! says Wharton Prof. Olivia Mitchell, via Acorn.…Read More