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society fails to teach us basics of personal finance. or at least in public K-12+4years at uni i was never exposed to this once. most people don't understand e

society fails to teach us basics of personal finance. or at least in public K-12+4years at uni i was never exposed to this once. most people don't understand exponents, they don't understand the power of compound interest (in either direction), ... society also amps up weddings, resort style vacations, excess, and so forth. so yeah, you can certainly blame society.

vorpalhex 7y ago
Society has no duty to you. You have a duty to yourself to survive, and to learn the skills necessary to do that.
m0zg 7y ago
>> fails to teach us basics of personal finance Actually that's not true anymore, at least where I live. My 15 year old had a class where they explained in pretty good detail how loans work, how one would go about getting a loan without getting ripped off, and how much one would have to pay back. I was very pleased when I saw homework related to this. I don't know which percentage of kids will absorb (let alone retain) this, but they can no longer claim that society "fails" to teach them.
- m0zg 7y ago
  I'd like to know the motivation of the person who downvoted this. I thought that if there's anything we can all agree on it's that it's good to teach 15 year olds how not to get screwed in the real world. Apparently someone disagrees.
rootusrootus 7y ago
When I was in high school (admittedly, over 25 years ago), personal finance was a required class. The only detail I really remember from that class was that the instructor said "compound interest" many times a day. A quick search shows we still require personal finance to be taught the senior year of high school.