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Bad money management: Who's to blame?

Managing money doesn't come easily to everyone, which is why some argue it's time to rethink how we teach finance.

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Most Americans have no idea how much it costs to retire in a nursing home, according to a recent study by Money Rates.
"Nearly 57 percent of Americans believe a year in a nursing home would cost less than $75,000," according to Money Rates, which is unfortunate, since the real cost can range from $80,000 to upwards of $90,000 per year.
To Bloomberg View's Megan McArdle, not knowing the true cost of retirement is representative of a much larger or possibly more frightening reality.
"Forget socking it away for a nursing home; most people aren’t ...


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