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45 sats \ 16 replies \ @Undisciplined OP 14h \ parent \ on: Gen X and Retirement Benefits: Uncertainty Abounds econ
Think about how dumb the average person is and then realize half are even dumber than that.
Not dumb!! Uneducated!
If they were educated to this isht, they wouldn’t fall for staying in the dark and being fed isht. The average person, now, cannot even balance a checkbook or even write it in a register. What can you expect? People are going out today for $7 lattes everyday without reflecting on what they are doing and the lost opportunity costs of it.
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I have to agree here. I think that comes into play, too. After all, half the people are below average, aren’t they?
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"Miseducated" is probably even more accurate. Still, I'll argue that they can be dumb because of poor education.
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This might work if you could show that they were taught bad information in the first place. I think the problem is that there is no teaching going on in this space, at all. Some of the teachers I knew thought that this should be taught by parents at home! Of course, a lot of the parents didn’t know about these things either.
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Kids don't come up with all the woke progressivism spontaneously. It's part of their mal-education.
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I agree, but woke progressive/lefty/Marxist/socialist/communist/murderering is a different subject from financial awareness. Wokism is inculcated into the kids from their instructors, no doubt about it, but the instructors have been exposed to it throughout thier educations, including and especially college. They don’t get any financial awareness from any of those avenues.
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Nope, a welfare PONZI SCHEME! It was foisted off on us when people hardly ever made it past 60 years-old. The qualifying age was 62 at the youngest. At that time they had statistics and longevity on thier side and the whole scheme was workable but the population started living longer. If they wanted to repair it they should have been raising the ages to keep up with the longevity, but being the state, they didn’t.
Yeah, that's the right one. It implies that the education is harmful, more so than just being wrong.
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Yes, but they are not getting taught or trained in any of these personal finance topics, at all. That may be due to the ELites desiring the plebes not to know about finance, but they are still getting nothing, bubkus, nada or nanimonai. I know they give this basic personal finance information in Japanese high schools to everyone, even though the kids did a lot of goofing off in this class.
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I don’t know about Miseducated. I once-upon-a-time taught high school business. I made it a point to teach all the classes I had a section of personal finance. It included basic banking (checkbook and savings maintenance)(I used actual bank donated materials), balancing the books and savings and budgeting. I took them through the “pack of cigarettes a day habit” spending and what the lost opportunity costs were. I at least left them with an awareness of how to handle their money and invest if they had the urge.
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Sure, there are lots of good individual teachers, but the system as a whole is clearly not preparing people for success.
I pushed back on "uneducated" because people have never spent so much time in school. It's not a lack of educational services that's the problem.
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I agree with you there. My peeve is that the teachers that are supposed to teach these things don’t know them in the first place. There are several subject areas they place financial education: business, home ec, social studies and ?health???. I could never figure out why health. I understood all the others but social studies is dominated by progressive/lefty/Marxist/socialist/communist/murderers and home ec and business are usually too busy with the main topics of the class to slide in the personal finances.
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