Sunday, January 10, 2010

What the man in the street needs to know about finance

There is an interesting piece by Ruth Sutherland in the Observer this morning.

Discussion on financial journalism has gone rather quiet as the country appears to be pulling itself out of recession(that's appears by the way.)

According to Ruth,there needs to be more of a focus on the man in the street

Too much of the reporting, though, has been caught up with the drama of the mega-bid, the mega-bonus, or the mega-bust. Too little attention has been paid to the broader picture.

and whereas journalists tend to report on the headline figures

There are huge questions for financial writers to address in these chastened times, including how an average person, with limited assets and financial knowledge, can be expected to navigate through the hazards of a liberalised financial system. Beyond the credit crunch there is the threat of the pensions crisis and how – or even whether – tomorrow's old people will ever be able to retire.

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