Comments by "Doncarlo" (@doujinflip) on "Why financial literacy education in the US sucks" video.

  1. Right, the risk of teaching such specific technical information is that they're no longer relevant when you finally need it. Those algebra and calculus are useful not because of the equations you'd solve, but because you're developing the underlying mindset to understand how to build the equation and manipulate the numbers when similar situations arise -- things like figuring out how expensive gas really is driving abroad when it's priced in Kroners per Liter.
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  2. All we hear is shame about not saving and hustling enough, when the real problem is we're not paid enough for the work we're already doing.
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  3. Right, you'd struggle to fix your finances if you can't build and manipulate equations in general.
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  4. That's granted the financial education is useful too. It'd be pointless if your takeaways from the class are checkbook balancing and shunning all credit cards.
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