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In a World Full of Debt Diabetics,Why Isn’t Financial Literacy Taught In Schools?
We are busy churning out successive generations of serfs.
Like hundreds of millions of kids around the world, I did a bit of mathematics during my years of compulsory schooling. Back then in the 1980s, I was introduced to concepts such as simple interest and compound interest. And being the swot that I was at the time, I had no difficulty in smashing the standardized tests and exams.
What I failed to appreciate as a child was how much how my adult life would be shaped by these abstract concepts.
Why?
I strongly believe that there is no greater evil in society today than one which fails to teach its kids about money.
Evil is a 21 year old with a 30% APR $6,000 credit card debt and a $2,000 annual salary.
We readily write and talk about the dangers of giving sugar to kids but we fail to apply the same sort of diligence to personal finance.
And this is why a great number of adults in the United Kingdom and the United States are saddled with debts that we have no hope in hell of ever repaying.