To become an adult without knowing how to manage money is to risk financial instability, debt, and a meager retirement. Moreover, most evidence suggests it is extremely difficult to change the financial behavior of adults. They may not have time for financial literacy programs and, besides, may be too set in their ways. On the other hand, working with children and teenagers … [Read more...] about Financial Literacy Programs Can Benefit Both Children and Adults
Education has long been promoted as a means for changing women’s position in society. Growing income, opportunity and exposure to more equal social norms, it is thought, should help protect women against abuse, not least by allowing them to choose better partners. However, recent evidence shows that the role of education as a protective factor may be limited. Physical and … [Read more...] about Can Domestic Violence Be Accurately Measured?
Sooner or later all teenagers consider who they want to be when they grow up. It is a defining moment for their sense of self and future, and intimately linked with their ability to seize what they want from life. Will I be a cabdriver or carpenter? Clerk or cashier? Or can I just as easily be an accountant, architect or engineer? For middle class and wealthy children, these … [Read more...] about Better Tools for Poor Kids Choosing Schools
We buy everything we crave at the supermarket; purchase the latest electronic gizmos the minute they appear; and download movies on the internet with abandon. Then we wonder why we have no money for a new car or savings for retirement. What in the world is wrong with us? The truth is that we aren't as morally weak as we think. Science shows that many of us are genetically wired … [Read more...] about Fighting the Spending Demon
Sometimes we need a little push to do things that we know are good for us. We find a “gym buddy” to somehow commit to work out. Or we bet money with a friend on who will be able to spend a month without smoking. When it comes to saving, these nudges are also important for many, even if they are not aware of it. Previous posts explored the main reasons why people in Latin … [Read more...] about Helping Latin Americans Save