Oh my gosh, I tell this to my wife and others all the time, it drives me crazy!!!!’@alarmguy the answer is education. We have to arm people with financial tools, financial knowledge.
IMO, no one should get outta grade school without a working knowledge of banking, credit, retirement funds.
No one should get outta high school without an understanding of markets, time value of money, etc.
Will everyone heed good advice? Of course not, but at least give them a fighting chance.
Personal finance should be a requirement, multiple years of it in high school.
You know call me a conspiracy theorist but I bet you the financial institutions in this country will make sure something like that never sees the light of day.
Jeff I agree with you 1000%.