“Financial education is a critical component of a robust and effective financial marketplace but it is not a panacea. Clear disclosures, wise regulation and vigorous enforcement are also essential to ensuring that financial service providers do not engage in unfair or deceptive practices,” Bernanke said.

The financial decisions we make have huge impacts on the quality of lives. This blog focus largely on management improvement: in such posts we often mention the importance of long term thinking and systems thinking. When planning our personal financial paths long term thinking and systems thinking (to optimize our long term financial well being given the options available in our individual situation) are necessary.

One advantage over attempting management improvement is when working on your financial plans you don’t have to convince others to change: you have the ability to implement your personal financial plan.

Financial information:

• Federal Reserve System: economic and personal financial education
• fool school
• Saving for Retirement
• Why You Need a Roth IRA
• Treasury Office of Financial Education
• Curious Cat Investing Library: select investment related articles