Do Americans understand the debt crisis?
How well do Americans understand the complexities of the nation’s debt crisis? If a comprehensive study of American financial literacy is any indication, the answer is not very well.
A comprehensive national study of the financial capability of American adults, conducted in 2009, revealed:
*Nearly half of survey respondents reported facing difficulties in covering monthly expenses and paying bills.
*The majority of Americans do not have “rainy day” funds set aside for unanticipated financial emergencies and similarly do not plan for predictable life events, such as their children’s college education or their
Lessons we learned from ‘Harry Potter’
What, after all these years, did we learn from “Harry Potter”?
That miracles can happen, at least to:
*A single mother named J.K. Rowling who was living on public assistance and didn’t give up on her brilliant idea for a book series about a boy wizard.
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That miracles can happen, at least to:
*A single mother named J.K. Rowling who was living on public assistance and didn’t give up on her brilliant idea for a book series about a boy wizard.
Read full article >>