Originally posted by falafel
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Financial literacy in this country is abysmal. A majority of financial decisions made by Americans are dictated by emotion. It doesn’t mean we as a society should placate bad decisions people make based on their emotional whims. We should educate them. When they say stupid shit like, the economy is so bad! We should say I’m sorry it’s bad for you, but fortunately for the vast majority of Americans it’s actually really great. But inflation is killing me! USUC says, well bud, maybe you should examine your spending habits, your savings rates, and the industry you work in. But all my friends and family say the economy is killing them! Well maybe you should stop hanging with poors.
The solution to financial literacy is not indulging folks, especially people on this board with its collective net worth and IQ.

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