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<blockquote data-quote="Brute 23" data-source="post: 1700823" data-attributes="member: 6291"><p>I see it out of all age groups.</p><p></p><p>A commissioner was being grilled about some poor financial decisions they made and his comment was... I've had payments all my life and I'll have them until I die. That's just how the world works. Hopefully this is his last term.</p><p></p><p>When I was in the oilfield I saw guys making $1000- $1500 a day who probably didnt have $50k cash in the bank. They bought and bought and bought. These were grown men who had been through multiple booms and busts and still never learned.</p><p></p><p>Our whole society conditions people to take on debt. You graduate high school and they hand you a student loan and a credit card. The tell you your home is a good investment and that you deserve a nice car.</p><p></p><p>Personal finance needs to be taught in every school, every year, until the graduate.</p></blockquote><p></p>
[QUOTE="Brute 23, post: 1700823, member: 6291"] I see it out of all age groups. A commissioner was being grilled about some poor financial decisions they made and his comment was... I've had payments all my life and I'll have them until I die. That's just how the world works. Hopefully this is his last term. When I was in the oilfield I saw guys making $1000- $1500 a day who probably didnt have $50k cash in the bank. They bought and bought and bought. These were grown men who had been through multiple booms and busts and still never learned. Our whole society conditions people to take on debt. You graduate high school and they hand you a student loan and a credit card. The tell you your home is a good investment and that you deserve a nice car. Personal finance needs to be taught in every school, every year, until the graduate. [/QUOTE]
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