Richard Thaler Quotes

I'd never really thought about it before, but now you ask I can see that how my parents handled money definitely affected my relationship with it.

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.

The foundation of a financial fresh start actually has nothing to do with money or specific financial dos and don'ts.

All around as a person, on right decisions, on holding your money, on doing your trade, a good education is a must. I don't think I would've done as good without an education.

I want parents to teach that academic intelligence is essential, but so is financial intelligence.

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

Because financially capable consumers ultimately contribute to a stable economic and financial system as well as improve their own financial situations, it's clear that the Federal Reserve has a significant stake in financial education.

It is one of my pet hates when I see players who have agents who do everything for them. They don't know how to set up their own bank accounts, they don't know what they are spending their money on and they can't make their own decisions.

My parents opened a bank account for me when I was really little, and I think I paid for some of my university education with my savings. I've always been a bit of a saver.

Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them.

There's an awful lot of us who don't quite speak finance, speak money.

Having a financially illiterate society is dangerous, and we have to do something about that.

Fundamentally, the solution to economic insecurity is economic prosperity - an achievable goal. But for anyone who has grown up without financial security, there's a shadow that lies over even those who move towards independence: lack of financial literacy.

I very much support financial education in schools.

There are some parents who have really done it right and told their kid, 'You know, we have this dough, none of this is for you. You have to get your own.'

I never cared about money because I never needed money, you know what I mean? When I was 12 to 17 I never saw any of the money, so the money never motivated me.

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

My grandmother Izzy taught me to balance her checkbook when I was 6 years old. She would sign the checks after I paid the bills. I had a chuckle with my grandmother recently on how 'unbalanced' her checkbook must have been years ago.

No matter how much money you have, you can lose it.

My mom gives me an allowance. She keeps me pretty tight-reined.

If you go and stop people at a supermarket and ask them for their receipt and say, 'Hey how much did you just spend?' middle class shoppers have no idea. The poor know what they just spent.

I think that people need to become more educated about money. We need to stop creating systems that benefit only the most-cutthroat sharks.

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.

My mother, she had a very good attitude toward money. I'm very grateful for the fact that we had to learn to save. I used to get like 50 pence a week, and I'd save it for like five months. And then I'd spend it on Christmas presents. I'd save up like eight pounds. It's nothing, but we did that.

Youth should be a savings bank.