The amount of financial illiteracy in America is high and growing and causing enormous problems. Many Americans, because they never learned about how to manage their money, are running into severe problems with debt, bankruptcy, housing foreclosures and a severe shortfall in savings. In this interview, Ted Beck, president of the National Endowment for Financial Education (NEFE), explains what is being done to combat this problem. NEFE is in the forefront of many efforts taking place in primary and secondary schools and colleges to educate children about all aspects of personal finance so they
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