Guests: Olivia Mitchell, John Lynch, Ron Lieber
When it comes to understanding personal finance, Americans don’t get high marks. The financial system is more complicated than ever before and it takes some knowledge to avoid burdensome debts and bad mortgages and plan for retirement. But can better money management be taught? Experts have differing opinions. Marty talks about financial literacy with OLIVIA MITCHELL, Professor of Business Economics and Public Policy at the Wharton School of the University of Pennsylvania and JOHN LYNCH, Director of the Center for Research on Consumer Financial Decision Making at the University of Colorado, Boulder. Then, what’s the best way to teach kids about money? New York Times financial columnist RON LIEBER shares his thoughts about parenting, money and values.