Congress is getting closer to passing a $145 billion dollar economic stimulus package. This would give rebates of about $500 to $800 per taxpayer. That’s great but what will they do with that money?

According to CBS MarketWatch in 2001 there was a stimulus packaged passed. They report that the low and middle-income consumer spent money on ‘wants’. The things like DVD’s, stereos, and television sets. In contrast, the higher-income consumer was more likely to save their money.

The people that need to be saving the most often don’t because many of them lack the practical financial education knowledge to make proper investment decisions.

What about investing that $145 billion to give every American a financial education? I think the government would have a much higher return on their investment and more long term results. “Teach a man to fish…..”

If that $145 billion was put into financial education courses I am certain there would be a spike in young money, young entrepreneurs and a big reduction in student credit card debt. There would be a lot more people able to retire young!

What do you think? How could $145 billion be used to most improve Americas economy?