Is Financial Literacy Important?

Your perception of your economic situation may not be tied to your financial literacy

Late August for universities in Texas and many others in fly-over country is usually associated with the start of a new academic year. At SMU in Dallas, sections of a course in life-cycle economics, a class open to all majors, are on my plate, and I am greeted by students driven by interests in money, investing, and a budget. Students have the impre…