I would like this question answered with a view to all ages and all regions of the world as well as professionals outside the financial filed.
2007-10-13 04:03:25 · 5 answers · asked by ogbua 1 in Business & Finance ➔ Personal Finance
Because a nation full of financially illiterate people who won't save, and will have nothing in retirement will devastate the economy. Those of us who are responsible with our money and have good jobs because we invested in our educations will wind up seeing our entire pay checks go to support the financially illiterate.
2007-10-13 05:42:14 · answer #1 · answered by Lisa A 7 · 0⤊ 0⤋
Why?
because money is a top contributor to divorce. "marriage is grand but divorce is ten grand"
most people in any 'profession' have negative worth they just won't admit it.
kids come out of college with more credit card and student loans than they will make in five years. Nothing beats working for loanMasters.
money matters should be mandatory in schools and colleges.
visit daveramsey.com to learn what loan sharks pray ur not taught.
2007-10-13 04:37:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes Yes Yes. I'll never understand why our school systems don't teach a basic financial literacy course to all high schoolers. Next to basic readin', writin' and 'rithmatic, its the most valuable thing they could learn.
2007-10-13 05:07:29 · answer #3 · answered by npk 7 · 0⤊ 0⤋
Yes.
For whatever reason, a vast majority of people are absolutely clueless when it comes to their finances and the continually make financial mistake after financial mistake to the point that they are in so deep that they can't see their way out.
2007-10-13 04:12:59 · answer #4 · answered by Wayne Z 7 · 0⤊ 0⤋
so people don't get in over their heads with credit card debt or mortgages they can't afford causing the subprime mortgage mess that in turns affects everyone's property values and many employment sectors
2007-10-13 05:58:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋