Financial illiteracy in the newsroom harms 401(k) investors
If supposedly educated mainstream reporters can't see through the fog of marketing, how can everyday investors know the difference between advice and advocacy?
By Chris Carosa|June 13, 2012 at 09:42 AM
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It’s been two weeks now since Demos released its controversial white paper on mutual fund fees to a torrent of favorable mainstream media coverage. Unfortunately, judging from the series of follow-up articles in the financial press, it looks like those mainstream reporters failed to undertake the usual fact-checking.
As reported on this site and other outlets, once they had the opportunity to fully vet the paper, industry groups questioned the papers conclusions and methodology.
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