Comments on: Survey Reveals Gender Gap in High School Seniors’ Financial Literacy?

By: Dr. Brad Klontz

Dr. Brad Klontz — Fri, 26 Jun 2009 08:53:12 +0000

Excellent catch. You are absolutely correct.

This study just shows what we already know- males are more confident than females, especially in the traditionally “masculine” areas such as finance.

Research has shown that we have a tendency to rate our knowledge much higher than it actually is. Our overconfidence, in turn, explains why men execute more trades then women, take more risks, and ultimately do worse with their investments.

So eat a slice of humble pie every now and then. It will be good for your pocketbook.

By: MLR

MLR — Fri, 26 Jun 2009 06:40:13 +0000

Agreed on schools at least teaching the basics.

But I can’t believe they fell for that HUGE gap in logic. How they even let that assertion slip through the cracks is amazing!

By: T

Thu, 25 Jun 2009 22:13:38 +0000

Nicely put.

By: Jim

Jim — Thu, 25 Jun 2009 20:20:47 +0000

Schools should at least teach the basics of finance. Most of that is simply grounded in math, reality and common sense.

By: John

John — Thu, 25 Jun 2009 17:47:03 +0000

I don’t want schools teaching my children about finance. Anything that important should be taught in the home. Same with sex-education. I want to decide what my children are taught not have some school bureaucrat deciding it. I don’t trust a school to do an adequate job teaching the subject. Thinking back to my own school education i remember what i learned outside of school much better than anything learned in school.