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20% of millionaires inherited money. The other 80% did not inherit it-- they made it. That's the result of financial education. There are many people with hi
by RickJWagner 5y ago
20% of millionaires inherited money. The other 80% did not inherit it-- they made it.
That's the result of financial education.
There are many people with high incomes (and low incomes) who live in debt. A tiny sliver are in debt due to medical issues, natural disaster, etc. The vast majority simply have made poor financial decisions.
Race has nothing to do with this-- financial education can benefit everyone. Period. Full stop.
It's the key to better living. And it should be made available to everyone.
- ashwagary 5y agoNobody is against education here, just making the point that debtors don't dictate the terms of payment. The onus isn't on African Americans to meet arbitrary requirements set by the offending parties. If I ram a semitruck into your home, I don't get to require arbitrary action x,y,z from you as conditions for paying damages. It's silly to think you have the authority to... a lot of people arguing your position have this backwards and silly belief system.