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It is tempting to think that all the nation’s economic troubles – slow growth and high unemployment – can be traced to the financial crisis and the recession that started in 2007-2008. But this would be a mistake. Some of the challenges the country faces predate the financial crisis.
Our politicians all seem to agree on at least one thing: There will be no recovery unless America gets back to work. But that’s often where the agreement ends. Once you move on to discuss how to get America back to work, opinions begin to diverge.
By Kevin Hassett, Director of Economic Policy Studies, American Enterprise Institute (AEI)
If you think about it, every person will inevitably require managing money. Credit, money management, and savings discipline are all an everyday and integral component for operating a successful adult life. So how is it our youth not receive basic and consistent financial education? Believe me, I agree that history, science, mathematics, and language arts are important, but in my opinion, money management is more important.