Financial Literacy Simulation in Managerial Finance: Signing Up for a Mock 401(k)
Joann Fredrickson
Abstract:Much evidence suggests a growing need for financial literacy as a prerequisite to a lifetime of financial well-being. And while it has been recommended that U.S. colleges and universities implement a mandatory financial literacy course (President’s Advisory Council on Financial Literacy, 2009; U.S. Financial Literacy and Education Commission, 2019), no such requirement has been imposed. Currently, only one quarter of college students report access to financial literacy education (Montalto et al, 2019). Guided … Show more
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