首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Of all the lessons taught by the financial crisis, the most personal one has been that Americans aren’t too slick with money. We
Of all the lessons taught by the financial crisis, the most personal one has been that Americans aren’t too slick with money. We
admin
2013-10-08
97
问题
Of all the lessons taught by the financial crisis, the most personal one has been that Americans aren’t too slick with money. We take out home loans we can’t afford. We run up sky-high credit-card debt. We don’t save nearly enough for retirement.
In response, proponents of financial-literacy education are stumping with renewed zeal. School districts in states such as New Jersey and Illinois are adding money-management courses to their curriculums. The Treasury and Education departments are sending lesson plans to high schools and encouraging students to compete in the National Financial Capability Challenge that begins in March.
Students with top scores on that exam will receive certificates — but chances for long-term benefits are slim. As it turns out, there is little evidence that traditional efforts to boost financial know-how help students make better decisions outside the classroom. Even as the financial-literacy movement has gained steam over the past decade, scores have been falling on tests that measure how informed students are about things such as budgeting, credit cards, insurance and investments. A survey of college students conducted for the JumpStart Coalition for Personal Financial Literacy found that students who’d had a personal-finance or money-management course in high school scored no better than those who hadn’t.
"We need to figure out how to do this in the right way," says Lewis Mandell, a professor at the University of Washington who after 15 years of studying financial-literacy programs has come to the conclusion that current methods don’t work. A growing number of researchers and educators agree that a more radical approach is needed. They advocate starting financial education a lot earlier than high school, putting real money and spending decisions into kids’ hands and talking openly about the emotions and social influences tied to how we spend.
One promising example of new thinking is found on Chicago’s South Side. At the Ariel Community Academy, financial education starts in kindergarten with books like A Chair for My Mother(the moral: if you want to buy something, save money first)and quickly becomes hands-on. Each entering class at Ariel is entrusted with a $20,000 investment portfolio, and by seventh grade, kids are deciding what to buy and sell(profits help pay for college). Last year, for the first time, the eighth-grade class graduated with less than the original $20,000. Talk about a teachable moment: stocks don’t always go up.
Other initiatives are tackling such real-world issues as the commercial and social pressures that affect purchasing decisions. Why exactly do you want those expensive name-brand sneakers so badly? "It takes confidence to take a stand and to think differently," says Jeroo Billimoria, founder of Aflatoun, a nonprofit whose curriculum, used in more than 30 countries, aims to help kids get a leg up in their financial lives. "This goes beyond money and savings."
That approach might have helped in the recent housing bubble. Buyers didn’t just need to know how different sorts of mortgages worked; they also needed the fortitude to choose a 30-year fixed rate when everyone around them was buying a bigger house with a riskier loan.
Amid such a complicated landscape, some experts question whether there could ever be enough education to adequately prepare Americans for financial life. A better solution, these critics contend, is to reform the system. "What works is creating institutions that make it easy to do the right thing," says David Laibson, a Harvard economics professor who, like Mandell, has decided after years of research that education isn’t a silver bullet. One idea being discussed in Washington is the automatic IRA. Employers would have to enroll each worker in a personal retirement-savings account unless that worker decided to opt out.
Yet even the skeptics are slow to write off financial education completely. More than anything, they say, we need to rigorously study the financial decisions of alumni of programs like Ariel and Aflatoun and compare them with those of peers who didn’t get the same sort of education. "Until you have experimental evidence, it’s all a little speculative," says Michael Sherraden, a professor at Washington University in St. Louis who is conducting a seven-year, randomized, controlled study on whether giving children bank accounts inculcates the habit of saving — a program already being tried on a large scale in the U.K. Yes, good, solid research like this takes a lot of time and resources. But if what we’re doing right now isn’t working, it’s in our own best interest to figure out what does.
What is Lewis Mandell’s feeling toward the current financial-literacy movement?
选项
A、The program benefits people in budgeting and investment.
B、The program has been ineffective in financial managing.
C、The program would cause psychological problems.
D、The program symbolizes an end to the financial crisis.
答案
B
解析
观点态度题。根据Lewis Mandell定位到第4段。根据该段首句可知,经过15年的研究,该教授得出目前开设的理财课程并不管用的观点,因此选项B正确。A选项与Lewis Mandell的观点相反,可排除:C、D选项无原文依据,也可排除。
转载请注明原文地址:https://kaotiyun.com/show/T1ZO777K
0
专业英语八级
相关试题推荐
India’stextileandgarmentexportstotheUSbetweenJanuaryandMayroseby
Accordingtothenewsitem,thisyearIraqwouldbantheimmunitytowards
Achild’srelationshipwithhismother
AccordingtoRichard,whatwastheconceptofhealthbeforethe1940s?
ThesecondlargestandmostimportantriverinBritainis______.
TherapiddevelopmentofAmericaneconomyaftertheCivilWarwasdueto______.
Britishrecordedhistorybeginswiththe______invasion.
Law-and-orderisthelongest-runningandprobablythebest-lovepolitical(1)_____issueinU.S.history.Yetitispainfullya
WhathelpsmaketheMidwestAmerica’smostimportantagriculturalarea?
Populationageingandtheresultingpressuresonexistingpensionsystemsconstitutesoneofthemostimportantchallengesmode
随机试题
乳头肌功能不全的描述,最常见的是
三仁汤所治痉病的病机为
冰冻解冻去甘油红细胞体外溶血试验血红蛋白增加率应
某海员长期食用罐头食品,近来出现牙龈出血、皮下出血。从营养学角度考虑缺乏哪种维生素的可能性大
水泥混凝土路面抗滑性能常用摩擦系数来表示。()
背景资料:某机电总承包公司通过投标承接,一栋超高层办公楼的机电安装工程。总承包公司中标后,业主向总承包公司提出超出招标文件中主要合同条款的附加条件,井以此作为签订合同的前提。附加条件包括①增加净化空调系统工程:②将原计划总工期20个目改为18个月。 总
《巴塞尔新资本协议》鼓励商业银行采取()计量信用风险。
Thetranslatormusthaveanexcellent,up-to-dateknowledgeofhis【C1】______languages,fullfacilityinthehandlingofhistarg
Itisoftensaidthatpolitenesscostsnothing.Infact,itseemsthatalittlemorecourtesycould【C1】______businesses£5bil
InordertohosttheOlympics,acitymustsubmitaproposaltotheIOC.Afterallproposalshavebeensubmitted,theIOCvotes.
最新回复
(
0
)