On Capitol Hill these days, Democrats say they want to promote equity while Republicans say they want more opportunity.
If members of either party were willing to climb out of their partisan bunkers, they’d find there is a priority that could achieve both goals.
Expanding personal finance education is urgent at a moment when consumers are responsible for more financial decisions than ever before. The financial sector is becoming increasingly complex, and each new financial product or service that enters the market makes financial decision-making even more difficult. With the cost of post-secondary tuition on the rise, student debt has increased by more than 100% in the past decade, totaling over $1.7 trillion today. Creating a more inclusive economy can’t happen if Americans don’t have the basic financial knowledge necessary to navigate these important decisions.
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