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Will Math Make You Richer? Fed Study Doesn't Prove It

Retirement Planning for People Who Hate Math

Teach statistics before calculus, argues Arthur Benjamin, a self-described mathemagician at Harvey Mudd College. The parade of graphs in the Cleveland Fed paper showing a link between math studies and later success proves precisely nothing. After all, it could be that people take more math in high school because theyre smarter than classmates who go equally far in their education, are harder working, or both. They succeed in their careers because of those qualities, not because they know that the derivative of cos(x) is -sin(x) . James acknowledges this causality problem at the end of his commentary.
For the original version including any supplementary images or video, visit http://www.businessweek.com/articles/2013-11-01/will-math-make-you-richer-fed-study-doesnt-prove-it

Knowing what it costs you to live is your most important number. Everything else flows from this. Your spending determines how long you have to work for, how you will live, when you can retire and how you invest. Pretty important... right?
For the original version including any supplementary images or video, visit http://www.huffingtonpost.com/neal-frankle/retirement-planning-for-p_b_4211041.html

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