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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