Erasing Financial Illiteracy

Summary


The complex modern world requires everyone to understand concepts like medical insurance co-payments, debt management, investment risk and tax deferment. Nancy Campbell, department chairwoman for Family and Consumer Sciences at Walker Career Center at Warren Central High School, said the types of classes taught at Warren Central once were called "vocational," like welding in shop or cooking in home economics.

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Erasing Financial Illiteracy

Back in 1977, as a high school junior, Indiana Superintendent of Public Instruction Tony Bennett lost his shirt in the stock market. He remembers the lesson well to this day.

Fortunately, there was no real money involved. For two weeks, Bennett played a game his history teacher called "Panic,...

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