mz-s
Mouseketeer
- Joined
- Feb 12, 2023
- Messages
- 283
It's interesting to wonder how big that set is.
For example, I'm convinced one must understand (or at least appreciate) the time value of money to properly value any transaction--such as a loan or an investment--that takes place over time. Knowing this principle is a necessary but not sufficient requirement for financial literacy.
Take a random sample of 100 people. How many of them understand this?
Edited to add: I'm also reminded that I'm probably the last person who can rationally evaluate whether or not I "know how to spend correctly," because my emotions are also involved.
For one thing, people whose first question at the dealership is "how much a month?" typically would benefit from DR's advice.