I have also seen wealthy, well-educated women freeze when suddenly confronted with a financial decision for which they had no decisionmaking framework. And I have seen single mothers with limited education manage a household budget with a precision that would make most chief financial officers envious. My point is that the need for financial education crosses all educational and socioeconomic boundaries.
As you will recall, when I appeared here last November, I emphasized the extraordinary resilience manifested by the United States economy in recent years - the cumulative result of increased flexibility over the past quarter century.