Proposed National Standards for Financial Literacy: What's In? What's Out?

The issue of financial literacy has received increased attention in recent years. The financial crisis that began in 2008 drew attention to many problems in the U.S. financial system, including the fact that many households had taken on excessive debt, and lenders had engaged in questionable loan practices. Debate ensued about the need for systemic fixes, such as increased financial regulations and oversight. In the meantime, many groups have...