Education Commons^™

The Connection Between Financial Literacy And Numeracy: A Case Study From India, J.D Jayaraman, Saigeetha Jambunathan, Kenneth Counselman

Numeracy

Making financial decisions involves mathematical calculations, both simple and complex. It is a well-documented fact that financial literacy levels among young people all over the world are quite low and that these low levels contribute to various undesirable outcomes with respect to personal financial well-being and the economy as a whole. This study explores the relationship between financial literacy and numeracy by measuring and modeling the relationship between financial literacy and numeracy levels among high school students (N = 586) in India. The results show a strong relationship between numeracy and financial literacy skills. Low numeracy is associated with …

Six Propositions Of A Social Theory Of Numeracy: Interpreting An Influential Theory Of Literacy, Jeffrey Craig, Lynette Guzmán

Numeracy

We share our experiences comprehending social theory as it applies to numeracy scholarship. We build on existing arguments that social theory—explicitly acknowledging the presence and influence of histories, power, and purposes—offers something important to scholars who study and discuss numeracy. In this article, we translate the six propositions of one particular social theory of literacy into propositions about numeracy, then we explore the meaning of each proposition, its connections to existing scholarship, and its implications. This article emerges from two literature reviews: one on social theories (especially their application to and development in literacy) and one on numeracy. We bring …

Quantitative Literacy: Now More Than Ever, Gail O. Mellow

Numeracy

This editorial highlights the eloquent words of Drs. Bernard Madison and Lynn Arthur Steen who, in the inaugural issue of Numeracy, note that quantitative literacy (QL) provides “tools for survival” in a highly competitive world. I discuss how QL is desperately needed at a precarious time for our nation’s democracy and how at LaGuardia Community College, and community colleges across the nation, important and creative work is being undertaken to build students’ math skills. The pivotal role of faculty is discussed and a call is made for colleges to support faculty as they undertake the challenging work of building QL …

Models As Weapons: Review Of Weapons Of Math Destruction: How Big Data Increases Inequality And Threatens Democracy By Cathy O’Neil (2016), Samuel L. Tunstall

Numeracy

Cathy O’Neil. 2016. Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy (New York, NY: Crown) 272 pp. ISBN 978-0553418811.

Accessible to a wide readership, Cathy O’Neil’s Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy provides a lucid yet alarming account of the extensive reach of mathematical models in influencing all of our lives. With a particular eye towards social justice, O’Neil not only warns modelers to be cognizant of the effects of their work on real people—especially vulnerable groups who have less power to fight back—but also encourages laypersons to take initiative …

Why I Believe People Need Painting By Numbers, Jason Makansi

Numeracy

Jason Makansi.2016. Painting By Numbers: How to Sharpen Your BS Detector and Smoke Out the Experts (Tucson AZ: Layla Dog Press). 196 pp. ISBN 978-0998425900.

This piece briefly introduces my Painting By Numbers, which aims to take the core messages of the QL/QR community from academic and professional circles to the rest of the citizenry. I describe the book in the context of the critical need for the most basic numeracy tools to help consumers of news, information, and analysis—delivered through traditional and contemporary social media outlets—determine where a reported numerical result lies on the scale from utter nonsense …