The power of the piggy bank: Five ways parents can teach their kids financial literacy
Washington University in St. Louis researcher Michal Grinstein-Weiss, PhD, associate professor of social work at the Brown School and associate director of the Center for Social Development, is lead author on new research that studies loan activity in low- and moderate-income homeowners. The research confirms: financial literacy begins at home. Grinstein-Weiss offers five steps parents can take to drive home the power of the piggy bank.
New research reveals surprising lifetime risk of economic insecurity among Americans
Recent economic events have shaken the confidence of many Americans with respect to their ability to achieve the “American dream.” “With rising numbers of home foreclosures, job cuts, and loss of savings, more Americans are encountering severe periods of economic risk and insecurity in their lives,” says Mark R. Rank, Ph.D., poverty expert and professor of social work at Washington University in St. Louis.