Tag Archives | George Washington University’s Global Financial Literacy Excellence Center
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How Smart Financial Technology Can Be Making You … Dumber

OK. There is just no nice way to put it. All those smart apps and smart phones and clever financial programs that let you move money, buy stocks, and check your account balances on a teeny tiny screen are not helping. In fact, they’re making the situation worse. Research conducted by the Global Financial Literacy Excellence […]

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When It Comes To Money, Your Phone May Not Be Your Friend

Millennials using mobile payments for transactions are more likely to overspend, pay credit card fees and use pricey loan services, says a new study from the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business. That shows that what’s fast and convenient may not always save you money, and may […]

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Quote Of The Week: Is The World Flunking Personal Finance Class?

“To me, it speaks to the fact that financial literacy is a global problem. Financial markets are more complex around the world and the population is not keeping up with the changes.” Annamaria Lusardi, academic director of the Global Financial Literacy Excellence Center at The George Washington University. Lusardi was discussing the latest global survey on […]

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Financial Illiteracy: Who’s Most Vulnerable?

“In today’s world an understanding of basic financial concepts is equivalent to the ability to read and write,” says Annamaria Lusardi, one of the world’s foremost experts in the field of financial literacy, when recently interviewed. Lusardi is the academic director of George Washington University’s Global Financial Literacy Excellence Center. “The level of financial literacy is critically low, especially if we […]

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