Perhaps it’s my cynicism but I can’t help but feel our financial literacy is exactly where our leaders want it to be. Students taking out federally guaranteed loans to get a degree that probably won’t pay off in the long run keeps the banks and the universities happy, even if it’s of little value to the individual. And if more Americans …
Perhaps it’s my cynicism but I can’t help but feel our financial literacy is exactly where our leaders want it to be. Students taking out federally guaranteed loans to get a degree that probably won’t pay off in the long run keeps the banks and the universities happy, even if it’s of little value to the individual. And if more Americans were wiser in finance, they’d realize spending money you don’t have is not the way to build wealth. But hey, at least our consumption-based economy thrives (allegedly) from all this spending and debt.
Perhaps it’s my cynicism but I can’t help but feel our financial literacy is exactly where our leaders want it to be. Students taking out federally guaranteed loans to get a degree that probably won’t pay off in the long run keeps the banks and the universities happy, even if it’s of little value to the individual. And if more Americans were wiser in finance, they’d realize spending money you don’t have is not the way to build wealth. But hey, at least our consumption-based economy thrives (allegedly) from all this spending and debt.