Sep 29, 2013

Spending We Could Do Without

     From a press release:
The U.S. Department of Education and the Social Security Administration today announced the award of $466,603 to four Minority-Serving Institutions to conduct research in the areas of retirement security, financial literacy, and financial decision-making within minority and low-income communities. ...
"Social Security recognizes the importance of retirement planning and is committed to researching ways to strengthen financial literacy across the country," said Carolyn W. Colvin, Acting Commissioner of Social Security. "Through these grants, we plan to improve our understanding of how to best educate individuals in minority and low-income communities and prepare them for a more secure financial future." ...
     It's not that I oppose retirement planning or financial literacy, it's just that I'm pretty sure this will do virtually nothing to promote either. People just aren't interested in these topics. They should be but they aren't.

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