Even today, the most basic concepts of money management elude millions of people: They pay more than they should to borrow money, have little provision to protect themselves against financial shocks, and plan poorly — if at all — for their financial futures.
Annamaria Lusardi teaching Personal Finance. | Elena Zhukova
A new multidisciplinary initiative aims to change that: first, by providing the resources and tools that are essential for making sound financial decisions and building a safe financial future; then, by expanding the learnings and best practices from Stanford to colleges and universities throughout the United States; and ultimately, by using technology to extend the program’s reach across the globe.
The Initiative for Financial Decision-Making — a collaboration among Stanford Graduate School of Business, the Stanford Institute for Economic Policy Research (SIEPR), and the Stanford Department of Economics in the School of Humanities and Sciences — is made possible by a generous gift from Helen and Charles R. “Chuck” Schwab, ’59, MBA ’61, and the Charles R. Schwab Foundation for Financial Freedom.
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