{"id":1754,"date":"2009-06-25T15:43:42","date_gmt":"2009-06-25T19:43:42","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=1754"},"modified":"2009-06-25T16:25:18","modified_gmt":"2009-06-25T20:25:18","slug":"improving-consumer-financial-literacy","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/06\/25\/improving-consumer-financial-literacy\/","title":{"rendered":"Improving consumer financial literacy"},"content":{"rendered":"<p>Congress holds a hearing today on improving consumer financial literacy under the new regulatory system.\u00a0 School of Management Professor<a title=\"Zvi Bodie\" href=\"http:\/\/smgnet.bu.edu\/mgmt_new\/profiles\/BodieZvi.html\" target=\"_blank\"> Zvi Bodie<\/a>, a widely recognized authority on\u00a0personal finance, recommends in a <em>Washington Post<\/em> <a title=\"commentary\" href=\"http:\/\/voices.washingtonpost.com\/hearing\/2009\/06\/the_case_for_safer_savings_def.html\" target=\"_blank\">commentary<\/a> some concrete steps to improve consumer financial literacy and suggests a new standard of prudence for investment advisors.<\/p>\n<blockquote><p>&#8220;<em>Instead of focusing on the probability of &#8216;success&#8217; in meeting some assumed target level of assets by an assumed target date, fiduciaries should be required to address the potential severity of a failure to meet a minimum standard of living in old age<\/em>.&#8221;<\/p><\/blockquote>\n<p>Contact Zvi Bodie, 617-353-4160, <a href=\"mailto:zbodie@bu.edu\">zbodie@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Congress holds a hearing today on improving consumer financial literacy under the new regulatory system.\u00a0 School of Management Professor Zvi Bodie, a widely recognized authority on\u00a0personal finance, recommends in a Washington Post commentary some concrete steps to improve consumer financial literacy and suggests a new standard of prudence for investment advisors. &#8220;Instead of focusing on [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[1359,81,82],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/1754"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=1754"}],"version-history":[{"count":10,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/1754\/revisions"}],"predecessor-version":[{"id":1760,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/1754\/revisions\/1760"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=1754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=1754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=1754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}