Convicted Criminals Want Better Financial Education
Saturday, August 31, 2013 - 07:20
in Psychology & Sociology
Humanities scholars writing in a new paper contend that brushes with the law are often related to 'finances' and therefore if criminals got better financial training when they're released from prison, and get private tutors rather than classroom instruction, their financial stress would be lower. For the paper, 155 incarcerated men in two Midwestern jails completed a lengthy survey to assess their financial knowledge and behavior; 12 men agreed to in-depth interviews. Angela Wiley, a University of Illinois professor of applied family studies and co-author of the article, said that four content areas emerged as being most important: investing, self-employment, budgeting, and saving. read more