Learning about Investing

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Here are some resources that you can use. I've listed 6 websites that you should look at, and relevant quotes from each one. However, you should read the articles in more detail and look at the sources that they cite.

http://minneapolisfed.org/pubs/region/02-12/literacy.cfm (if that doesn't work try this: ideas.repec.org/a/fip/fedmrr/y2002idec.p6-934-36nv16,no.4.html)

The study is based on financial and demographic data collected in 1995 from a national sample of 2,000 individuals between the ages of 30 and 49. Allowing for other factors that affect financial behavior, it found that adults who attended high school when their states mandated financial literacy training generally save more and accumulate more wealth than other adults. Their net worth is higher?by an amount equivalent to one year's earnings?than the net worth of adults who attended high school when their states did not mandate financial literacy training. In other words, exposure to state-mandated financial literacy education appears to be associated with more frugal adult financial behavior, even 30 years later.

These studies provide consistent evidence that financial literacy training in the workplace can induce more prudent retirement savings behavior, at least among employees whose participation and contribution rates are initially low. However, many of the studies have significant gaps, such as failing to provide information about employees' savings behavior outside the workplace?leaving open the possibility that increased participation merely reflects a shift of existing savings into employers' plans. A few studies attempt to fill these knowledge gaps, and they bolster the view that the positive effects of workplace financial training are real and extend to the employee's household generally. For example, a study that measured all forms of ...