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Knowledge is power: the importance of economic education

Author

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  • Anthony M. Santomero

Abstract

As technological advances continue to expand the range of financial services available to consumers, money management becomes increasingly complicated. Helping consumers navigate this sea of financial products is important. When households are capable of building wealth, they are also capable of building more economically stable neighborhoods and communities. That's one reason economic education is vital to the future health of our nation's economy. In "Knowledge Is Power: The Importance of Economic Education" President Anthony Santomero outlines what the Federal Reserve is doing to promote economic education and explains why knowledge is indeed power in our ever more complex world.

Suggested Citation

  • Anthony M. Santomero, 2003. "Knowledge is power: the importance of economic education," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 1-5.
  • Handle: RePEc:fip:fedpbr:y:2003:i:q4:p:1-5
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    File URL: http://www.phil.frb.org/files/br/brq403as.pdf
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    Cited by:

    1. Manfred Fluch, 2007. "Selected Central Banks’ Economic and Financial Literacy Programs," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 80-104.

    More about this item

    Keywords

    Economics - Study and teaching;

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