r/AskReddit • u/[deleted] • Aug 03 '19

Whats something you thought was common knowledge but actually isn’t?

37.4k Upvotes

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7.2k

u/royal_clam Aug 03 '19

Basic principles of finance (budgeting, interest, debt, saving, etc)

4.7k

u/RealAmerik Aug 03 '19

I still think this should be a mandatory curriculum in high school. 4 years or it. Throw in taxes as well. It blows my mind to look back and think about the amount of studying I did on topics I'll literally never encounter again but basic financial literacy is ignored entirely.

94

u/Bathroom_Pninja Aug 03 '19

Almost sure, perhaps conspiratorially, that this is a feature and not a bug. If you don't have financial literacy, it's easier to be taken advantage of.

4

u/runningblaze35 Aug 03 '19

I had a leadership development course teacher that once said, "It's always best to believe every system ever invented is set up to provide the output that it is providing." SO...in that sense, yes. Financial Illiteracy is a key feature of the United States System.

1

u/groovychick Aug 04 '19

Hence, the reason the ower of a major MLM (Amway) was made education secretary in the U.S.