(04-21-2020, 03:18 PM)jagibelieve Wrote:

(04-21-2020, 08:57 AM)The Real Marty Wrote: That is often true.  But such knowledge doesn't have to come from mistakes.  

I think personal finance should be taught in high school.  Saving, investing, the power of compounding over a period of time, how to start a business, what jobs pay well, how much it costs to raise a child, and so on.   We can see the problem we have currently with people who lose their job and immediately cannot pay their rent or wind up at the food bank.  Or people who graduate college with a worthless degree and loads of student debt.   The apparent widespread lack of personal financial skills carries a huge cost to our society.  Ordinary people driving nice cars lining up at food banks!

I know I'm probably coming across a little self-righteous, and believe me, I know there are a lot of people who are in a tough spot financially through no fault of their own.  But we are bailing out people we shouldn't have to be bailing out.

I agree 100% with your whole post and especially the part in bold.

The thing is observe how people are using "stimulus" money.  Some people such as myself will donate towards others that might be impacted worse than me.  Others are treating it as a "bonus" and rather than save they are spending on "wants" rather than "needs".  Finally you have the segment of the population that actually needs help right now using it to pay their bills (and not the bill at Ruth's Chris restaurant).