> or possibly also during a time of very poor education.
So, you mean today? The number of students that take on crippling amounts of student loans without truly understanding how it will affect them is staggering to me. The ease of obtaining credit before a person truly understands how devastating 20%+ interest rates are is also pretty telling. Financial debt is easy to get wrong, and is only compounded by the fact we don't teach this as a basic course in primary schools.
Even worse, many think they understand finances without realizing there is a difference in corporate versus personal financing. The rules don't necessarily transfer between them.
Or just large numbers. A valid strategy to invest a million will be worthless with just a dime. No matter what the silly myths of success say.
So, you mean today? The number of students that take on crippling amounts of student loans without truly understanding how it will affect them is staggering to me. The ease of obtaining credit before a person truly understands how devastating 20%+ interest rates are is also pretty telling. Financial debt is easy to get wrong, and is only compounded by the fact we don't teach this as a basic course in primary schools.