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    Teach Workers About the Perils of Debt

    Lusardi, Annamaria ; Tufano, Peter

    English , Spanish

    • Reference: HBS-F0911A-E

    • Number of pages: 4

    • Publication Date: Nov 1, 2009

    • Source: HBSP (USA)

    • Type of Document: Article

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    Description

    Most consumers don't understand how interest rates work and can't make sound decisions about borrowing. So wouldn't employees be better served by company programs that ventured beyond retirement planning and helped them stop pouring money into credit card fees and payments?

    Keywords

    Credit cards Debt management Finance essentials Hiring & employment