There’s interest on credit card balances, student loans, car loans, home mortgages, corporate borrowings and most prominently, on state and national debt. But there is surprisingly little interest in this interest. We all pay it. But not many of us really understand how it works.
Dr. Iris Mack has filled the gap – and for young consumers. Her financial literacy book “Mama Says Money Doesn’t Grow on Trees!” is focused on teaching students that math can be fun and key to understanding money and interest.