3 ms·
> If anything, ignorance of finance is how you give your money to the bankers. I don't think it's quite that simple. It's probably some combination of a numbe
by mightybyte 10y ago
> If anything, ignorance of finance is how you give your money to the bankers.
I don't think it's quite that simple. It's probably some combination of a number of factors such as:
* Inability to control one's spending
* A consumer-driven culture where status is equated with material possessions
* Availability of easy credit
* Society not recognizing compulsive spending as an addiction