Monday, March 22, 2010

The Problem of Financial Education

Both men believe that much of the economic problems the middle class and the poor face is caused by lack of financial education. In another book, Robert said that one has to know how to earn money before one can know how to spend money. He cited that as the reason that many lottery winners are unable to keep the fortunes that they won.

I think that this is a reason that the economy is the way it is. People listen to politicians who make no sense because they do not know better.

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