Financial literacy and numerical ability: keys to better mortgage outcomes

The US mortgage crisis and its dire after effects have highlighted the criticality of financial literacy. And while most people would have picked up fundamental mathematical principles in schools, not everyone appreciates how arithmetic translates within the complex world of finance. Yet, given what...

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Main Author: Knowledge@SMU
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Language:English
Published: Institutional Knowledge at Singapore Management University 2012
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Online Access:https://ink.library.smu.edu.sg/ksmu/51
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1050&context=ksmu
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spelling sg-smu-ink.ksmu-10502018-08-17T05:34:15Z Financial literacy and numerical ability: keys to better mortgage outcomes Knowledge@SMU The US mortgage crisis and its dire after effects have highlighted the criticality of financial literacy. And while most people would have picked up fundamental mathematical principles in schools, not everyone appreciates how arithmetic translates within the complex world of finance. Yet, given what has transpired with the subprime crisis, is it important for borrowers to appreciate complicated financial concepts before taking up a loan? A study of the US mortgage market, presented at a SMU School of Economics Seminar Series, provides some clues as it uncovers links between basic numerical skills and financial fate. 2012-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/ksmu/51 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1050&context=ksmu http://creativecommons.org/licenses/by-nc-nd/4.0/ Knowledge@SMU eng Institutional Knowledge at Singapore Management University Accounting Business Finance and Financial Management
institution Singapore Management University
building SMU Libraries
country Singapore
collection InK@SMU
language English
topic Accounting
Business
Finance and Financial Management
spellingShingle Accounting
Business
Finance and Financial Management
Knowledge@SMU
Financial literacy and numerical ability: keys to better mortgage outcomes
description The US mortgage crisis and its dire after effects have highlighted the criticality of financial literacy. And while most people would have picked up fundamental mathematical principles in schools, not everyone appreciates how arithmetic translates within the complex world of finance. Yet, given what has transpired with the subprime crisis, is it important for borrowers to appreciate complicated financial concepts before taking up a loan? A study of the US mortgage market, presented at a SMU School of Economics Seminar Series, provides some clues as it uncovers links between basic numerical skills and financial fate.
format text
author Knowledge@SMU
author_facet Knowledge@SMU
author_sort Knowledge@SMU
title Financial literacy and numerical ability: keys to better mortgage outcomes
title_short Financial literacy and numerical ability: keys to better mortgage outcomes
title_full Financial literacy and numerical ability: keys to better mortgage outcomes
title_fullStr Financial literacy and numerical ability: keys to better mortgage outcomes
title_full_unstemmed Financial literacy and numerical ability: keys to better mortgage outcomes
title_sort financial literacy and numerical ability: keys to better mortgage outcomes
publisher Institutional Knowledge at Singapore Management University
publishDate 2012
url https://ink.library.smu.edu.sg/ksmu/51
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1050&context=ksmu
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