How to improve financial literacy

Cracking the financial literacy code

It was only in the spring of 2014 that Canada appointed its first Financial Literacy Leader, Jane Rooney, four years after a federal government task force recommended such a position. Rooney’s mission was to combat our rising household debt levels, scant retirement savings, and apparent inability to distinguish a good deal from a scam. Her weapons: a $3-million annual budget, an officers’ mess of top money minds from corporate, government, and non-profit sectors and, most importantly, education on money management. ….[READ]

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