Changing financial habits difficult, prof says

By Arthur Page

Release Date: September 20, 2005 This content is archived.

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An article in The New York Times on the National Endowment for Financial Education and its efforts to improve people's financial literacy quotes Lewis Mandell, professor of finance and managerial economics, who asks whether "just creating awareness and bringing people to a Web site is going to get very many people to modify their behavior in a significant manner. It just isn't easy for us to change our basic behavior patterns." Go to article.