Tag Archives: Columbia University study

Who forecloses? It’s all in the math

by Hans Eisenbeis WHAT’S HAPPENING The toll of financial illiteracy — and even more fundamentally, math illiteracy — can be staggering. A June 2010 study by Columbia University researchers found a direct correlation between a lack of simple math skills and foreclosure rates (NYTimes.com 6.9.10). Economists found that about 16% of surveyed consumers could not […]

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