Bernanke Says Financial Education Boosts Economy

Federal Reserve Chairman Ben S. Bernanke said financial education and planning boost the economy, and students who learn those skills are likely to save more later in life and better weather market turbulence.

“Financial education supports not only individual well-being, but also the economic health of our nation,” Bernanke said today in remarks prepared for a town hall meeting with teachers at the Fed in Washington. “Consumers who can make informed decisions about financial products and services not only serve their own best interests, but, collectively, they also help promote broader economic stability.”