I am a recent finance graduate and I can attest to this statement: My friends who are not in finance are absolutely garbage in their understanding of savings, i

I am a recent finance graduate and I can attest to this statement: My friends who are not in finance are absolutely garbage in their understanding of savings, interest, wages, taxes, market dynamics (and other realities, like the fact that you're not going to make it big working at a random fashion retailer's corporate offices, earning only a 4% raise annually). In all fairness, there are just so many people without STEM degrees thinking that they will make 200k a year (in Europe). I'm not saying they can't, but it's honest to God very, very rare, and very, very difficult in their current understanding of labour markets, finance, and investment. However, I would like to say also that I don't think this is a new phenomenon. I also know an even greater amount of older adults who are fooling, instead of educating, themselves.