Rich get richer - financial literacy
I've recently been reading a series of bookd written by Robert Kiyosaki, his Rich Dad, Poor Dad, books, where he talks about 2 "fathers" he had growing up, and about their different teaching techniques. One of his main points is that schools do not teach financial literacy, so the only way for kids to get it is from parents. If your parents are rich, they likely know what to teach, and if they're poor, they have no idea. So the richer keep getting richer and the poor keep getting poorer. Stop to think for a second that much of our society participates in buying stocks, bonds, futures, and all kinds of things, let alone the routine tasks of managing their own income, assets and liabilities. I can't think of a single class in high school that taught me how to do any of these things. (math taught me how to count i guess). No wonder the poor class of society doesn't know where to go. Check out the book sometime. It's given me a new perspective on financial education.
Posted by Ned at 7/02/2004 10:59:00 AM