>It's bizarre to me just how many people in this country (especially the ones who can least afford it) simply do not take charge of their financial health.
But, see...
>No one is looking out for you.
... that's just it, isn't it?
Nobody's looking out for you. We send kids to public school from ages five to eighteen, but at a broad level, we do not have a requirement for any of that education to be about how to take charge, and stay on top of, your fiscal health. I'm not sure how you can look down on others like that when a large chunk of people are kicked into adulthood without ever having been taught how to look after themselves financially.
But you can teach yourself, like how most everyone who is looking over themselves financially did. Learning doesn't end with schooling, and for most they know that, doing dance, art, and sport classes for example all on their own. It’s just that financial literacy isn’t a priority.
If it's not a priority for people, and we understand that there is an incredibly wide range of circumstances that everyone is in, much of which don't allow for easy fiscal education, access to it, or time for it, it should be pretty darn obvious that it should be a part of our basic education system. Am I to take your response as a suggestion that we shouldn't bother introducing this subject matter as a requirement at the public school level?
Let's add it as a class, I'm not against it. I do have doubts about its efficacy introduced to students in high school before they have their first credit card and their counselors continuing to push the college at all costs view, but it won't hurt.
I'm not sure what the solution is. Frankly I just don't think people are that interested in it - even if you do know about it, looking at your cc bill or budgeting just isn't a thing people want to do. If you know your mortgage jumps up in 5 years, most people will think they'll be able to afford it then. We vote in policies that help the wealthy because everyone assumes that's who they'll be soon enough!
That all being said, I'm not sure how much we should protect people against themselves. I don't mean to take a libertarian view and we can improve the current situation (like making subscription cancelling easier and online), but I don't think solving finances is a tenable one. I'm digressing, but we all like to kick the can down the road, including our national debt or pension obligations.
But, see...
>No one is looking out for you.
... that's just it, isn't it?
Nobody's looking out for you. We send kids to public school from ages five to eighteen, but at a broad level, we do not have a requirement for any of that education to be about how to take charge, and stay on top of, your fiscal health. I'm not sure how you can look down on others like that when a large chunk of people are kicked into adulthood without ever having been taught how to look after themselves financially.