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The problem is a symptom of an education system which ignores financial literacy. Traditional markets aren't exactly safe for the novice either. Look at what's happening with options trading.
The debate is really around how one can qualify themselves out of the "protection".
Totally agree on the financial literacy education point. Why it’s not a priority is pathetic. Like how is “Financial Literacy 101” not 100x more important than “Algebra 2” yet my kids are required to take the latter. Nuts
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Funny thing is that Financial Literacy 101 would probably demonstrate enough real-world examples of the practical usefulness of math that kids would then voluntarily sign up for Algebra 2 and get more out of it.
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Financial literacy is directly opposed to those who benefit from the public school system and keep it in place.
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