If there is one thing the crisis has taught us, is that no one seems to have a clue what’s going in our financial system. And why would they? When were you taught about managing money? Now I know the financial crisis went a bit deeper than people mismanaging their personal finances. There was a lot of deceit, people with ulterior motives and subprime mortgages going on (watch the Big Short to get that explained to you!), but it boils down to people not understanding money, and what it can do for them. And what it can’t do for them…....
We Need To Start Teaching Personal Finance in Education NOW
8 min read