> They've never had someone teach them how to manage money This. If you don't know how money works, most people who offer advice are just trying to scam you. B

> They've never had someone teach them how to manage money This. If you don't know how money works, most people who offer advice are just trying to scam you. But not taking any advice is also not helpful. If I knew how to invest in index funds 20 years ago, who knows, I might have already been halfway to retirement. Before I had kids, I was able to save a large part of my salary. But everything I did with the money -- following the advice of people pretending to be experts -- only made the money disappear. If someone has a friendly person who spends a day or two helping them set up the system, so that all they need to do later is send extra money to a specific account once in a while, it can change their future dramatically. But many people do not have such friend.