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Controversial opinion: Lack of education is THE primary reason for crippling debt and poor credit scores. If we taught personal finance in public school like we
by TedDoesntTalk 4y ago
Controversial opinion: Lack of education is THE primary reason for crippling debt and poor credit scores. If we taught personal finance in public school like we now teach DEI, there would be fewer adults in crippling debt.
I’ve seen people take out $30,000 7-year loans to buy a car when they are earning less than $100,000/year. Why? Lack of education on how that will impoverish.
- umvi 4y agoControversial opinion: Lack of stable two parent households is the primary reason for lack of education. When you have to increasingly rely on the state to provide education that traditionally has come from parents, there's a problem...
- dragonwriter 4y ago> Controversial opinion: Lack of stable two parent households is the primary reason for lack of education ISTR that the evidence is much stronger that lack of parental education is the reason for lack of education.
- TedDoesntTalk 4y ago> rely on the state to provide education that traditionally has come from parents, there's a problem Are you suggesting that parents traditionally educate their children in personal finance? If so, I do not agree.
- deleted 4y ago[deleted]
- BeetleB 4y agoWhile I agree with you that education will likely help the majority, I have to note how scary it is that I've seen people start a business on credit card debt - one of the worst kinds of debt - and succeed. They'll almost always tell you "Don't do it the way I did", but oh wow it's succeeded for so many. Of course, selection bias and all...