Reply to Wow the lack of financial education in this country is staggering

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[quote=Anonymous]I see a ton of it on Reddit.

I read povertyfinance. I don't know why I started- I think it was around the time the Windfall Elimination Provision was repealed, and that took me to some Social Security sites, which made some povertyfinance subreddits pop up, I think.

I keep reading to give these kids - and they are all under 30 - whatever advice I can. So many of them have no one to advise them. Their parents are either crap with money, or crap in general and have tossed the kids out at 18, or just don't exist at all (kids aged out of foster care). These young people are starting off with such bad conditions. Spending 60% of their income on rent and 30% on a car loan.  They get into difficulty paying their rent and start down the road of over using Credit Card debt, afterpay, Klarna, and something I never heard of called Daily Pay? (Some kind of advance against your next paycheck I think).

To the PP asking. if you know anyone who is in debt beyond their mortgage - get your of your DCUM bubble!  MOST of the households in the US, especially the younger generations, have significant student loan, credit card, medical and other non-mortgage debt. [/quote]

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