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Does anyone know of any articles or studies on the long term macro economic impact to the US of increases in financial literacy. E.g. if average student debt is reduced 20%, consumer debt reduced 20%, 401k participation rates increase 20%, what would be potential societal impact?

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Posted by ckafoglis
Asked on October 15, 2016 7:55 am
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Great question Charles! While I couldn’t find exactly what you’re after, I did find some resources you and your students might be interested in.

Shlomo Benartzi: Saving For Tomorrow, Tomorrow (TEDex Talk) https://www.ted.com/talks/shlomo_benartzi_saving_more_tomorrow?language=en

NFEC Financial Literacy Statistics, Data and Results
https://www.financialeducatorscouncil.org/financial-literacy-statistics/

Jeanne M Hogarth: Improving Financial Literacy
http://www.oecd.org/daf/fin/financial-education/37742200.pdf

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Posted by Laura Matchett
Answered on October 27, 2016 11:53 am
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