Getting Schooled on Becoming More Financially Literate
Getting Schooled on Becoming More Financially Literate
Dennis Friedman November 5, 2019 Humble Dollar
MANY BELIEVE we’ve raised a bunch of financial illiterates. If people were better educated about personal finance, the argument goes, they’d make smarter money decisions. North Carolina this year became the 20th state to require high schoolers to take a financial literacy class. Its Lieutenant Governor, Dan Forest, said the new law would “ensure future students, prior to graduating high school, will be more financially literate and economically sound in their decision making as adults.”
But many aren’t sold on the idea that a personal finance class in high school is going to make much of a difference. According to the Huffington Post, “The way we make financial decisions has more to do with our money personality, our math skills, logical thinking, the ability to investigate, the confidence to ask questions and spot BS answers, and recognizing the unconscious influences in ourselves that have long been studied by behavioral scientists.”
There are many studies that show that teaching financial literacy in high school has little effect on how people handle money. For example, a 2014 paper for the journal Management Science looked at the results from nearly 170 papers covering more than 200 scientific studies on financial literacy. It found that financial education did little to improve subsequent financial behavior.
According to Timothy Ogden, managing director of the Financial Access Initiative, a research center, “It’s easy to boost financial knowledge: Lots of programs show positive outcomes when you ask people a few questions before and after a financial-ed course. Unfortunately, the impact disappears when you measure what people who take the courses actually do (not just what they say they do, which is a problem with a lot of studies that claim to find an impact).”
What these studies may be telling us is that we need to change the way we teach financial literacy. Financial education can have more of an impact if it’s based on the students’ short-term needs and delivered in a timely manner. For example, teaching high schoolers about college loans and credit card debt could make a difference in the debt load of students going to college.
Personal finance classes also need to deal with economic realities. How to find the lowest interest rate on a car loan is more important than how to calculate interest on that loan.
We should keep in mind that just because you know more about personal finance doesn’t mean you’re going to behave better. We all have emotions and biases that can keep us from making rational decisions.
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What A Fed Rate Hike Could Mean For Gold And Silver Prices
MoneyWatch: Managing Your Money
By Angelica Leicht September 14, 2026 / 1:07 PM EDT / CBS News
Gold and silver investors have had to contend with some sharp price moves so far in 2026. Gold, for example, surpassed $5,500 per ounce early this year, but has since retreated significantly from that record high, with the price of gold sitting closer to $4,275 per ounce as of mid-September.
Silver, on the other hand, has also experienced sizable price swings as investors have responded to shifting expectations for inflation, interest rates and the economy.
Rob Cunningham: Why the New DLT Monetary System Could Soar Soon
9-21-2026
WHY THE NEW DLT (Distributed Ledger Technology)MONETARY SYSTEM COULD SOAR – SOON!
My KUWL Optics: We could be approaching the moment when years of preparation become visible adoption.
Consider the potential convergence:
• Regulatory clarity unlocks institutional commitment.
MilitiaMan & Crew: Daily IQD News |Why the US Hasn't Mined Tungsten in a Decade
9-20-2026
IQD news starts about minute 4:50 or so
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Good Afternoon Dinar Recaps,
YEN RESET WATCH: JAPAN'S CURRENCY DEFENSE MOVES INTO FOCUS AS BOJ RATE HIKE FAILS TO LIFT THE YEN
JAPAN'S YEN HAS WEAKENED DESPITE A BANK OF JAPAN RATE HIKE, PUTTING CURRENCY INTERVENTION, INTEREST-RATE DIFFERENTIALS AND GLOBAL CAPITAL FLOWS BACK IN THE SPOTLIGHT.
Parliamentary Warning Of A Severe Financial Crisis
Information/Baghdad... Ali Shaalan, a member of the State of Law Coalition, confirmed on Sunday that Iraq is suffering from a severe financial crisis at the moment, pointing to the need to pay attention to the economic challenges facing the country.
Al-Daraji told Al-Maalouma that “the economic reality clearly indicates the existence of a real financial crisis that requires objective and serious solutions by the concerned authorities to mitigate its effects.”
Sometimes This Time Really Is Different
Notes From the Field By James Hickman (Simon Black / Sovereign Man) September 21, 2026
Some time in the middle of the second century AD, on the shores of the extremely picturesque Lake Iznik in modern-day Turkey at the site of the ancient city of Nicaea, a boy named Cassius Dio was born into a locally prominent family. His father was a Roman politician, his mother was Greek, and young Cassius Dio grew up in a bilingual household speaking Greek and Latin at a time when the Roman Empire was at its absolute peak.
TNT:
Tishwash: Al-Zaidi meets Trump in New York ahead of the end of the coalition's mission.
All eyes are on the upcoming visit of Prime Minister Ali Faleh al-Zaidi to New York next Tuesday to participate in the United Nations General Assembly meetings.
During the visit, al-Zaidi is scheduled to meet with US President Donald Trump, at a time when the country is witnessing a withdrawal of coalition forces as the September 30 deadline approaches.
This visit comes at a different political juncture, as the Iraqi diplomatic move intersects with an internal debate about restricting weapons to the state and the future of the American military presence in Iraq.
Monday Coffee with MarkZ. 09/21/2026
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: Tracking the progress in Iraq and Europe losing control. The Mushroom ladies join us after the regular show.
Emailed to Recaps: Thank you David
Reset Intelligence: The Precipice
The Precipice
By Reset Intelligence | @EXIT_FIAT
Iran threatened decisive war over the weekend, then did the quiet thing that matters: it sent Washington its terms through Qatar. All three conditions made public ask for money.
And in Baghdad, the central bank stood up in public to defend the price of the dinar as the street pressed 160,000.
GP Q: Iraq’s Central Bank Addresses Dollar Supply
9-20-2026
ARE WE THERE YET
September 20, 2026
IRAQ — THE CBI ADDRESSES DOLLAR SUPPLY
The Iraq Central Bank of Iraq issued a statement today saying Iraq has sufficient foreign reserves to meet demand for dollars for imports, card payments and travelers at the official rate.
Good Morning Dinar Recaps,
EUROPEAN DIGITAL FINANCE RESET: ECB LAUNCHES BLOCKCHAIN SETTLEMENT SYSTEM AND BEGINS TOKENIZED BOND INVESTING
THE ECB IS BRINGING CENTRAL BANK MONEY DIRECTLY INTO TOKENIZED FINANCIAL MARKETS, CREATING NEW INFRASTRUCTURE FOR DIGITAL SECURITIES, SETTLEMENT AND THE FUTURE OF EUROPEAN FINANCE.
You asked, we answered: Why Are Central Banks Moving Their Gold Reserves
15 September, 2026
Gold on the move
On 2 September, De Nederlandsche Bank (DNB) announced that it had transferred approximately 86t of gold from New York and Ottawa to London.1 The operation, conducted between March and August 2026, was designed to improve the liquidity and tradability of DNB’s gold reserves and strengthen its preparedness for severe crises.
Integrity Calls For The Activation Of Internal Audit And Control In The Implementation Directorates To Protect Public Money
Money and business Economy News – Baghdad The Federal Integrity Commission called for activating the work of auditing and internal control in the implementation directorates to ensure periodic reports on the reality of work in each directorate, which contributes to the preservation of public money and the control of administrative procedures, and reduce the imbalances that may be conducive to the occurrence of corruption cases.
KTFA
Sunday Night Video
FRANK26….9-20-26…..FROM THE WTO TO MALIKI
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
A World Drowning in Debt, the Final Days of Fiat Money
As Good As Gold Australia: 9-20-2026
In this exclusive interview, we sit down with Lynette to discuss the reality of our current economic system and why the shift back to hard assets is accelerating. While leaders claim the economy is strong, the underlying facts point to a much different reality.
We discuss the long-term impact of leaving the gold standard in 1971, the massive U.S. debt and interest inflection point, and why central banks around the world are accumulating gold at a record pace.
They Don’t Need to Kill the Dollar to Change the Entire Financial System | Andy Schectman
Miles Frankin Media: 9-20-2026
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, following the latest BRICS summit in New Delhi.
Schectman argues that BRICS is quietly building a parallel financial system through alternative payment rails, gold-backed settlement mechanisms, and local-currency trade, not necessarily a single BRICS currency.
Good Afternoon Dinar Recaps,
CHINA RATE RESET: BEIJING HOLDS RATES STEADY AS U.S. TIGHTENING SHIFTS GLOBAL MONEY FLOWS
CHINA KEEPS KEY LENDING RATES UNCHANGED AS THE FED MOVES IN THE OPPOSITE DIRECTION, HIGHLIGHTING A WIDENING MONETARY POLICY DIVIDE THAT CAN INFLUENCE GLOBAL CAPITAL, BOND YIELDS AND CURRENCY FLOWS.
Diversification And Digitalization Are Reshaping Finance’s Future
Strictly speaking, it is far from a divorce, or even a serious breakup. But Asia’s leading economies are edging away from their eight-decade relationship with the US dollar for international trade.
Two forces are driving this evolution of the international monetary system. Amid rising geopolitical and geoeconomic fragmentation, policymakers are weighing economic efficiency against national security and strategic resilience. And digital innovation is lowering the cost of conducting transactions directly across currencies and financial networks.
TNT:
Tishwash: Iraq to New York: Al-Zaidi addresses the United Nations and a meeting with Trump is anticipated.
Iraqi Prime Minister Ali Faleh al-Zaidi will head to New York in the coming hours at the head of a high-level government delegation to participate in the meetings of the 81st session of the United Nations General Assembly, whose high-level week begins on September 22.
According to the Director of the Prime Minister’s Media Office, Abdul Zahra al-Hindawi, al-Zaidi will deliver Iraq’s speech before the General Assembly, addressing Baghdad’s vision and positions regarding regional and international developments, in addition to the files of security, stability, development and international cooperation.
Oil Plunges Below $102 On De-Escalation Hopes
2026-09-21 Shafaq News Oil prices slid to their lowest in more than a week on Monday on hopes diplomacy in the Iran war will get a chance this week amid a UN meet and as investors eyed a partial recovery in shipments from Saudi Arabia despite ongoing attacks by Yemen's Houthis. Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on Monday, with Brent at $101.71 a barrel by 0213 GMT, down $2.16, or 2.08%, after settling 0.91% lower on Friday.