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 * 1) The Federal Reserve Board of San Francisco (2005) reported that U.S. households are less savings-oriented and more consumption-oriented than they were in the past. Americans have had a negative savings rate and older Americans have insufficient savings for retirement.
 * 2) Workers who had not saved for retirement had limited savings, with 70% having less than $10,000 in total assets.
 * 3) Additionally, about half of those who had saved for retirement reported total savings and investments for retirement of less than $25,000, excluding the value of their primary residence and defined benefit plan.
 * 4) In part, concern for the economy has led the Federal Reserve to focus on the importance of financial education and understanding basic financial applications (financial literacy) in the functioning of the financial market
 * 5) NASBE recommended that “States should consider financial literacy and investor education as a basic feature of K-12 education”
 * 6) 40 states had personal finance standards or guidelines,
 * 7) 28 states required these standards to be implemented,
 * 8) 9 states required a course with personal finance content,
 * 9) 7 states required students to take a personal financial management course,
 * 10) 9 states tested personal finance knowledge