Reprinted with new introduction for the elementary literacy education of the Ohio State Legislature, February 2024
As a historian of literacy, I published this critique of so-called “financial literacy” on January 23, 2022. There is no such subject or object as “financial literacy.” There is reading, writing, and arithmetic together brought together to understand economic matters within specific historical, social, political, and cultural contexts. “Financial literacy,” as I made clear below, is a false product sold by marketers and bought by state legislatures like Ohio’s.
It almost certainly does little good especially for high schools. It is divorced from the study and teaching of history, economics, politics, and arithmetic itself. It is orthodox right-wing ideology, not a “life style” or “preparation” for work. It is the sold and bought and product of fears of decline.