Value of Financial Literacy: Practical Life Skills & Decisions w/ Wharton Professor Michael Roberts
Episode Description
Michael Roberts, Wharton Professor of Finance, joins host Dan Loney on Wharton Business Daily to talk about teaching financial literacy to children in school as a life skill, which becomes only more relevant by the student loan debt crisis. He shares that two major financial barriers for people with their personal finance is the complex language and acronyms and comfort and familiarity. Roberts talks about legislators helping ensure that teachers are able to be trained in financial education. Lastly, he shares how early financial savings can compound in large savings in the long-run and that one bad decision does not have to make or break someone financially.
Wharton Business Daily airs Monday-Friday from 10 AM - 12 PM ET on SiriusXM Channel 132, featuring emerging trends, top business leaders & Wharton’s renowned professors. Learn more: http://whr.tn/businessdaily
#personalfinance #financialliteracy #financialeducation ----- The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.
Launched in 1999, Knowledge at Wharton offers free access to:
- Articles, podcasts, and videos highlighting Wharton faculty research and analysis of current business trends - Interviews with book authors from Wharton School Press - In-depth series of curated content like Wharton Executive Education’s Nano Tools for Leaders - A searchable database of more than 10,000 articles covering all aspects of business - A weekly newsletter that delivers Knowledge at Wharton insights directly to your inbox
Visit the Knowledge at Wharton homepage: https://whr.tn/3qUpSBE Subscribe to the Knowledge at Wharton YouTube channel: https://whr.tn/3DEAgAU
Brief Summary
Michael Roberts discusses the critical need for financial literacy education and its impact on society and individuals.
Key points
- The Importance of Financial Literacy. Michael Roberts discusses how financial literacy is crucial for life skills and societal well-being.
- Teaching Finance to Educators. Michael advocates for training teachers to effectively deliver financial education.
- The Cost of Financial Mistakes. Michael shares a personal story about the long-term impact of financial decisions.
Ask about Knowledge at Wharton
Episode highlights
- The Importance of Financial LiteracyMichael Roberts discusses how financial literacy is crucial for life skills and societal well-being.“It can be very difficult to recover if you don’t get started on the right foot.”1:31Apr 29, 2023
- Teaching Finance to EducatorsMichael advocates for training teachers to effectively deliver financial education.“By training the teachers, there’s huge benefits for the teachers themselves.”7:16Apr 29, 2023
- The Cost of Financial MistakesMichael shares a personal story about the long-term impact of financial decisions.“I lost out on over a quarter million dollars from that just small start.”11:31Apr 29, 2023





