The article raises a very good question: does financial literacy make a difference? We all know not to eat junk food or buy stuff on credit.. Perhaps, we shou

The article raises a very good question: does financial literacy make a difference? We all know not to eat junk food or buy stuff on credit.. Perhaps, we should make it harder to get credit, take loans, etc. And could make we should make it easier to save for retirement, maybe a monthly contribution should be the default. IMO payday loans or quick loans should be regulated to have limited interest. And if issued to someone the bank didn't verify as having credit worthiness the loan should be forfeited without being repayment. Or something like that. There's too much predatory lending today. Certainly the barrier to taking such loans could be higher. I think that's more effective than education.