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RE: Who Should We Find Responsible For The Subprime Mortgage Lending Crisis?

in #life8 years ago

My opinion is that part of the education on the schools should be economy "for dummies"

I completely agree, basic schooling has failed multiple generations of people on the value and importance of saving money.

I think this gives an edge for people who actually want to educate themselves on the topic, but there are definitely going to be future events caused by a lack of basic understanding of finance. The amount an average person has on a credit card in the US has spiked massively in the past 10 years, in part to 08 but the trend was always positive even if we adjust for inflation.