Subject: The Sorry State of U.S. Financial Literacy
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Sat, 30 Jul 2016 05:01:07 -0400 (EDT)

Share The Viewa:visited {         color: #00b9e7;       }       a:hover {         text-decoration: underline !important;       }       a:hover#logo {         text-decoration: none !important;       }       @media only screen and (max-device-width: 480px) {         a[id=logo] {           font-size: 34px !important;         }         body {           width: 100% !important;         }         table {           width: 100% !important;         }       }       @media only screen and (min-device-width: 320px) and (max-device-width: 568px) {         html {           -webkit-text-size-adjust: auto;         }         td[id=content] {           font-size: 18px !important;         }         body {           width: 100% !important;         }         table {           width: 100% !important;         }       }Share The ViewThe Latest Opinions From Bloomberg ViewJul 30, 2016bloomberg.com/viewInvestor Education Slips Into ReverseAmericans understand money even less than they used to, according to the National Financial Capability Study: Just 37 percent of survey respondents demonstrated "high financial literacy" in 2015; down 5 percentage points from 2009. Barry Ritholtz says teaching consumers about finance just doesn't work -- but not all hope is lost.How Much Decentralization Can the EU Take?The European Commission keeps enforcing rules on relatively minor matters -- we're looking at you, Greek vinters! -- but these days, the big EU decisions are mostly being made in national capitals. As leaders increasingly bypass the Brussels bureaucracy in favor of multilateral dealings, Leonid Bershidsky considers what the implications.The Death of the Central BankJapan has been a hotbed of economic experimentation for more than 70 years, and Michael Schuman says it may be offering the world yet another lesson -- this time, on the outer limits of monetary policy itself.The Extravagant Gamble of Rio's Olympic MayorMayor Eduardo Paes's ambitious vision for the summer games will leave Brazil's "marvelous city" forever changed, for better or worse, and as Mac Margolis reports, the stakes for Paes and Brazil couldn't be higher.'Star Trek Beyond' Takes an Ethical Leap ForwardCalling all Trekkers and philosophy majors: Stephen L. Carter says the latest film in the Star Trek franchise is a paean to the value of diversity, and perhaps heralds the end of “speciesism” on the big screen.Ritholtz's ReadsIs active management dead? Not even close (CFA Institute)Who was the richest person who ever lived? (Barron's)Relax about robots, but worry over climate change (Financial Times)(Read Ritholtz's full daily news roundup.)Bloomberg GadflyAmazon enjoys cloud coverSouring beer bonds expose high-grade maniaWhole Foods needs to check its price math(Read more from BV's sister site for fast business commentary.)For more information, email [email-masked] media inquiries, contact Jill Watanabe at +1-212-617-1610 or [email-masked] received this message because you signed up for Bloomberg View newsletters.bloomberg.com/view | 731 Lexington Avenue, New York, NY 10022 | Contact Us | Unsubscribe <a href="http://link.mail.bloombergview.com/click/7273019.19739/aHR0cDovL3d3dy5tYWlsLmJsb29tYmVyZ3ZpZXcuY29tIg/55086a4c3b35d051538c37ccB43496b54><img src="http://link.mail.bloombergview.com/img/55086a4c3b35d051538c37cc4bvwb.f8b/2caf8def.gif" alt="" border="0" /></a>

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