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Most common neoliberal remedy to student debt? Financial education.
Guess what? Doesn’t work. Except for rich kids.
Those living the CREAM life already know the value of a dollar. https://twitter.com/danielmangrum/status/1197534949651275776
Guess what? Doesn’t work. Except for rich kids.
Those living the CREAM life already know the value of a dollar. https://twitter.com/danielmangrum/status/1197534949651275776
Many colleges read info like this and start requiring financial education of Pell recipients. They are targeting in the wrong direction.
https://home.treasury.gov/system/files/136/Best-Practices-for-Financial-Literacy-and-Education-at-Institutions-of-Higher-Education2019.pdf
https://home.treasury.gov/system/files/136/Best-Practices-for-Financial-Literacy-and-Education-at-Institutions-of-Higher-Education2019.pdf
This is an especially good read. https://blogs.worldbank.org/psd/why-do-we-feel-poor-people-need-financial-education
“Who is financially literate? Disproportionately, they are white males from college-educated families whose parents had stocks and retirement savings.” https://www.theatlantic.com/business/archive/2016/05/financial-literacy/480807/
And of course @DarrickHamilton and @SandyDarity are brilliant on this subject. https://www.chronicle.com/article/Does-Financial-Literacy-Betray/239844
