Financial Literacy's Dark Side: It's Not Always Safe on Main Street

Financial literacy is meant to empower consumers to be smart with their money, save effectively and grow their wealth. But money management and effective decision-making often relies on entrusting people and strategies that may be flawed. Whether a financial advisor is taking a trip to Paris with fees earned from your retirement account, or if you find yourself on a sucker list because you've been fooled by phishing or investment scams, the common consumer on Main Street needs to be protective and mindful of the decisions he makes with his money. Protections are in place to help consumers, and Lauren Lyons Cole, Ross Kenneth Urken and Scott Gamm lead you through some tips for staying on the straight and narrow.