Who Is Afraid Of Financial Education?

October 12, 2021 | forbes.com

There is nothing like a crisis to illuminate the benefits of basic financial skills. A staggering number of households entered the pandemic unprepared to withstand any economic shock, let alone one of the magnitude of COVID-19. The consequences are reminiscent of the 2007–2008 US financial crisis when individuals were enticed to buy homes that exceeded their needs and finances, then found themselves struggling to pay mortgages they could not afford.

Despite it being painfully obvious that people need basic knowledge to make good decisions, regardless of whether they are facing a financial crisis, there are always voices against financial education.

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