Richard Thaler Quotes

I don't think there are any students who should not be exposed to a basic financial literacy course.

The people who don't know personal finance have TV shows about it.

Many kids come out of college, they have a credit card and a diploma. They don't know how to buy a house or a car or health insurance or life insurance. They do not know basic microeconomics.

When you grow up in America today, most schools don't teach you about money and investing. You could literally take a class in woodshop or auto in high school and not take a class on money.

The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.

Without any formal personal finance instruction in our high school or college curricula, many college seniors who graduate in the red will continue to make common financial mistakes that only exacerbate their debt burdens.

I'm so not a financial person.

In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.

I'm a big advocate of financial intelligence.

Studies indicate that most of young adults struggle to grasp even the most basic financial principles that will allow them to manage money and prepare for their future.

Financial literacy is just as important in life as the other basics.

If I had my choice, every high school would be teaching financial literacy along with math and science.

Financial freedom is available to those who learn about it and work for it.

High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.

The education system should teach us about money; it's an incredibly big subject. I run into people all the time that don't have the first clue of what they should do about money.

In 'Unfair Advantage: The Power of Financial Education' and 'Why A Students Work for C Students,' I reveal the secrets of the wealthy and what schools will never teach you about money.

I am all for trying to teach household finance in schools, starting as early as possible. And when it comes to high school, I think learning about compound interest is at least as important as trigonometry or memorizing the names of all 50 state capitals.

There's a great lack of financial literacy and understanding in this nation, even among college-educated people.

Today, there's no excuse for not learning how to get our financial houses in order. Some of us close our eyes, take a deep breath and say a prayer when it comes to managing our finances.

We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.

Not teaching your kids about money is like not caring whether they eat. If they enter the world without financial knowledge, they will have a much harder go of it.

In this day and age it's really stupid to be stupid about financial matters. It doesn't do you any good to make money if you don't know what to do with it other than spend it.

I say all the time I think there should be some courses in the regular schooling system that isn't, even like about credit, things that matter later in life. I learned the harder way: 'Look, I got a $500 credit card in the mail, let's go shopping!'

People used to ask me for advice, and I'd say, 'Please, don't ask me!' Yes, I did economics at Oxford, but that's not the same as having a broad knowledge of personal finance.

Now's the time to teach your 5-year-old kid about financing. If they can add, I suggest that you start teaching them about saving that money. And how their money can add up in the future. I think the more you prepare your children for the future, the better off they'll be.