Teach workers about the perils of debt

The article reports on a study of U.S. consumers which found that the majority of respondents did not understand the concepts relating to compound interest, credit card fees, and debt. The study on debt literacy was conducted by the authors and the marketing research company TNS. The authors suggest...

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Bibliographic Details
Main Authors: Lusardi, A, Tufano, P
Format: Journal article
Language:English
Published: Harvard Business Publishing 2009