PERSONAL FINANCIAL PLANNING IS NOT TAUGHT IN TRADITIONAL SCHOOLING.
Would you believe you can go through all twelve grades, through college, and even graduate school (with a Finance major) and not take a single course in Personal Financial Planning? Believe it, because it’s possible.
We can decide, as an elective or through our own initiatives, to study the subject and educate ourselves. Most don’t do that.
This leads to a largely uneducated society when it comes to the specific subject of personal finance. This leads to incredible problems. We get our “knowledge” from the media, magazines, friends, work colleagues, etc.
We have no lens or foundation to separate fact from fiction. Ultimately, we are easy to confuse and slow to understand. This is changing, thankfully so.