Quote:
Originally Posted by puckedoff
We actually teach this, it is called math. Pretty sure everyone is taught compound interest in school which is about all you need to know to figure the rest out.
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Its really not. Most people grow up in an environment where likely every adult they interact with has every dollar of their paychek(many times, more than they actually get paid) earmarked for monthly expenses that they dont really need and can't really afford. We live in a country where less than half of the population has 10k in savings and having thousands of dollars of non-mortgage consumer debt is the norm. It's absolutely something that young people should be educated in.
There's far too many people in this country who have good paying jobs, but are absolutely hosed if the tap gets shut off for even one paycheck. If more people actually understood these things we would be in a much better place, and it goes beyond compound interest