News

A Gaping Hole in Americans’ Education

February 28, 2008 /

MATR Sponsor (view all)

The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

For too long, America’s education system has failed to equip students with the knowledge they need to make good financial decisions. An alarming number of adults are unable to balance a checkbook, understand the terms of a basic mortgage, realize the benefits of compound interest, and properly manage credit card debt.

Today we are suffering the consequences. We can see it in the subprime mortgage meltdown, skyrocketing credit card debt, personal bankruptcies, and a low savings rate. Beyond individuals broken dreams, this lack of financial and economic education is threatening the competiveness and wellbeing of our country. So what can–and should–be done about it?

By Thomas J. Donohue, President and CEO, U.S. Chamber of Commerce

Full Story: http://www.uschambermagazine.com/content/080226?n=w