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Country receive the essential financial literacy education that they need? stop wasting time. like nike says, just do it. reporter: 2,500 teachers did, in fact, do it, signing up for the challenge and educator tool kits, which included 29 specific lesson plans in areas like budget your money,, savvy savers, understanding your paycheck, and roof over your head. teaching life lessons about money and finance are important to these two men. they re not only behind the challenge, they re both parents. tim s kids are little older. i got little guys at home, 6 and 8, but we started them on allowances. do you want to talk about things you got right and things you didn t get so right? i m joined again by education secretary arne duncan. also joining us is terri carson. you saw her in that piece. she s a teacher at stonewall jackson high school, a public school in virginia. 118 of her students participated in this challenge. half of them scored in the top 20th percentile. ....
40-question online exam taken by 76,000 students nationwide. aaron moore had the top score, a perfect one. we learned math, how to add, subtract, multiply and divide, and we learned english, to write and speak well. but what everyone does not learn is finance, the missing piece to our future. reporter: unfortunately, aaron and the other top scorers, who earned a trip to the treasury in washington, are the exceptions. the average score across the country was just 70%. too many students failed to answer basic questions about credit cards, car insurance and compound interest. making the right decisions about personal financial just seven or eight times out of ten actually isn t good enough. the challenge was also a wake-up call for the nation s educators, who need to be fluent in finance if they re going to teach it. terri carson, a certified public accountant, has been doing just that at stonewall jackson high school, a public school in virginia, for the last five years. what d ....
Terri carson, congratulations. keep up the good work. and of course, education secretary arne duncan, thanks for dropping by today. thanks, everybody. could your state be condoning drinking, gambling, even marijuana? we love getting our outback dirty. because it seems like the dirtier it gets, the more it shines. the subaru outback®. motor trend s 2010 sport/utility of the year®. ....
earn, add an ever-expanding social safety net, throw in high unemployment and nervous investors, it s the recipe for a debt crisis. think we re talking about greece, portugal, spain, europe? well, how about a look right here at home. a $1.6 trillion budget deficit. nearly 40 million people now being fed with food stamps. up to 99 weeks of jobless checks for the 15 million unemployed. uncomfortable parallels with europe. is the u.s. different, though, and why? peter morici is an economist and professor at the university of maryland school of business. chrystia freeland is a global editor at large for reuters. just as the u.s., peter, is moving more towards europe on social policy, europe is coming unglued. what s the lesson here for american policy makers? well, you have to pay for the things that you want and you have to buy them cost effectively. you know, we re building out this great big health care system now when we pay 50, 75% more than the germans do for the sa ....