Rarely in our history have two more critical and incredible moments collided the Inauguration of Barack Obama and the greatest financial crisis since the Great Depression. We feel the excitement of change no matter what our party affiliation may be, and yet our enthusiasm is tempered by what we know lies ahead.
In Sept. of 2008, our financial illiteracy as a nation dramatically revealed itself and the unraveling continues today. The propensity of many to spend beyond their means and make unwise financial decisions demonstrates that many of us don’t even know the basics of budgeting or handling debt.
But we have an opportunity to turn this crisis into the ultimate learning experience. Our new leaders, including Secretary of Education Arne Duncan, fresh from Chicago Public Schools, can help make sure future generations don’t repeat our mistakes.