Here’s a nice editorial piece in the Westport News by Tom Henske, a local resident and a financial advisor at Lenox Advisors.  His hypotheses about why it’s so difficult to get financial education taught in schools is right on the mark and something that I’ve been saying for ten years.  Thanks, Tom for adding your insights to this meaningful debate.  We’re kindred spirits! 

Last week, Delaware Representative Mike Castle (R.) presented the Financial Education in the Classroom Act (FECA) - new legislation that seeks to improve financial literacy for all students in grades K - 12 by creating a competitive grant program for states who demonstrate a commitment to bringing financial literacy education to their schools.  Bravo Representative Castle!

Click here to read more about this legislation.

To read the full Bill (H.R. 5165) presented to the House of Representatives which was referred to the Committee on Education and Labor, click here.

I ran across this editorial by columnist Eric Schubert in the Star Tribune online and couldn’t agree with it more — start while they are still young. (more…)

My friend Steve Rosen, who writes a nationally syndicated personal finance column has a great idea for how we might better spend taxpayers’ money, rather than throwing it into bailouts related to the subprime mortgage mess. (more…)

The New America Foundation, a think tank in Washington DC that I respect very much, recently posted this white paper on the topic of financial education in schools. It deserves to be reprinted here. (more…)