flickr / barsen
Visa recently launched a financial literacy website called Practical Money Skills for Life that purports to “help students of all ages learn the essentials of personal finance.” There are articles, calculators and other tools that you can use to help with budgeting, saving and controlling your debt. Some folks think it is about time Visa (and financial institutions) stepped up to the plate while others see a serious conflict of interest. What do you think?
Isn’t that like asking to wolf to watch the henhouse? How can they possibly be unbiased? We need sources that aren’t selling us the products they are educating us on. Lenders weren’t giving everyone all the mortgage options available before the mortgage crisis because they made so much more on these speciialized mortages so why show a 30 year fixed? In a low interest rate environment, a 30 year fixed is a beautiful thing but what was everyone sold? Adjustable rates that were sure to rise!
I vote madness here.