The Wall

[Savy]

How about we just don't give that person any money?

Tbf though the assumption that people understand money, financing and such things on even a basic level just isn't true. In fact people who do understand such things tend to have incentive to exploit the people who don't so I don't imagine that changing any time soon.

[wufwugy]

How about we just don't give that person any money?

Tbf though the assumption that people understand money, financing and such things on even a basic level just isn't true. In fact people who do understand such things tend to have incentive to exploit the people who don't so I don't imagine that changing any time soon.

You are correct. A significant reason why so many people don't understand personal finance is they don't have much of a reason to anymore, largely due to government handouts, government mandated insurances, other regulations, and other cultural factors (like less cultural stigma to relying on others to take care of you).

People used to have a much more firm grasp of personal finance. Independence from government and adoption of Protestant ethics/communities made sure of that.