Correlation
Top states for “financial literacy” are red, well, except for one. Tennessee represents, yo.
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July 27th, 2013 at 9:29 pm
Virginia is not so far gone I would consider it a blue state.
But we got a D! Yay for us. That seems about right considering how many of our municipalities are in trouble financially.
I find it odd that Delaware got an F, because despite being a blue state (though a relatively recent one), it’s generally regarded as having fairly sound finances. Of course, a lot of that is the financial industry in that states throws off a lot of money.
July 28th, 2013 at 12:53 am
You can tell better if a state has financial literacy,not by what it teaches in the schools, but by its actions. If the state is broke and all the jobs went to India and China, then it deserves an F in financial literacy.
July 28th, 2013 at 9:11 pm
My first reaction was “well, of course. Dave Ramsey got his start here in the mid 90s so we have a leg up on everyone else.”
But my second thought is “what criteria are they using?” There are plenty of people out there who think that “financial literacy” equates to “highly leveraged but still able to make payments.”
July 28th, 2013 at 11:59 pm
Wait ’till common core comes stampeding through your state.
I live and teach in Washington so I am square in an F state. I teach US history and always include some econ. A few years ago I was talking to a colleague and mentioned that my econ push was prompted by a kid asking me why the government didn’t just print up a bunch of money to pay off the national debt. “That’s a good question.” was her response. I then had to explain why to a 15 year veteran teacher with an M.A. in education.
July 29th, 2013 at 12:16 am
I’d say a better indication of financial literacy would be a count of auto rim rental and auto title loan establishments.
July 29th, 2013 at 8:11 am
I’m surprised that Nevada did as well as a C, given our dropout rate and an economy based largely on the exploitation of people who are bad at math.