How Financial Literacy Became a National Crisis and How to Address It with Urgency and Effectiveness

44% of Americans do not have enough cash to cover a $400 emergency. In 2016, the average college student graduated with $37,000 in debt. 44% of Americans said they would rather discuss death, religion, or politics rather than talking about personal finance with a loved one. Financial literacy is clearly a huge problem in our society today, and we are very glad that Princeton is hosting a financial literacy day to bring awareness to the issue. We’re glad to have a very prominent voice in advocacy for financial literacy joining us for this interview and discussing the issue of financial literacy. Mr. Pete Colhoun spent 20 years at global asset management firm T. Rowe Price Group and over that time was Director of Investment Research, Director of Mutual Funds, and President and Portfolio Manager of the New Era Fund. Today, he serves on nine boards, for both profit and non-profit companies, and is a senior investment advisor to the Gates Family Foundation, one of the largest philanthropic organizations in Colorado.