Windom, MN | AgAcGuy - 12/23/2024 13:36
It doesn’t make sense when our entire economic philosophy is built on using other people’s money to obtain any item we want even if it is not a need.
I graduated in May of 2012 with a Bachelors degree. I was 28 years old, married, owned a home, expecting our first child, and took zero money from my parents. I graduated with around $65,000 in student loans. I just made the last payment on my last student loan as to not have a payment next year.
The issue I see in my daily line of work is that Americans are cash poor and credit rich. Seldom do people have the funds to pay for a surprise repair on their AC without getting help from their relatives or charging it to a credit card.
I wish they taught personal finance in high school and college. We would be better off if they did.
Caleb
Personal Finance was a class at my university. I took it as an elective. It was an evening class taught by a banker in the college town. It was actually a good class on interest, net worth, credit ratings and how they work, etc.
I took it in 2003, so no idea if it still exists.
The economy is built on credit and debt, the whole government is built on credit and debt. I don't like a lot of debt, but if I have to I try to have good debt, like land and things that may actually be worth something when I'm done paying for it.
I agree with everything here. I feel the elites in the US want everyone to be cash poor and credit rich. Spending keeps the world going round and their pockets lined. |
This doesn’t make any sense to me.
