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There is part of this that is about a lack of financial education in our country. The interesting thing is that if you give a lot of disposal income to young pe
by snarf21 1y ago
There is part of this that is about a lack of financial education in our country. The interesting thing is that if you give a lot of disposal income to young people without a lot of life responsibilities, they will spend it like water. I know lots and lots of soldiers who come back from being deployed and promptly spend all their bonuses on a new truck, a new motorcycle and a new boat. 6 months later, that money is all gone and all of a sudden they can barely afford the payments and start selling things off at a huge loss.
- _mlbt 1y agoTo the military's credit, at least in the Army, financial literacy is now part of the mandatory initial entry training that Soldiers are required to go through. There is also another round of basic financial literacy classes that are required prior to exit from the military.