Tuesday, April 6, 2010

Financial Literacy Skills

Yesterday's post on The Wall Street Journal’s Real Time Economics Blog shares some interesting findings about financial literacy skills. It seems that, in one small, test of people with incomes above $50,000 per year, higher levels of skills contribute to a reduced feeling of discomfort during periods of economic trouble.

While the sample is small, it does demonstrate how financial literacy skills can impact our comfort levels with decisions we make, particularly in periods of recession and unemployment. I hope you find it of interest, and I would welcome any comments.

1 comment:

BiggerThanYourBlock said...

That's a very good point. The more in control of your finances you feel he less worried you are on an everyday basis. Each of us should be able to feel that comfort in times of financial trouble.

Each one teach one.

PEACE,
Shay Olivarria
Speaker/Author