Re:Reddit has become a guide to personal finance
by speedplane on Wednesday March 04, 2020 @04:53AM
(#22482447)
> Anonymous people over the web have become guides to personal finance, reddit just facilitates that. The same advice was available during the "blogging/RSS era".
Every generation needs their own form. Before blogging/RSS it was cable financial news on TV, before that magazines, and before that I don't know.
Basic financial literacy (creating a budget, tracking it, adjusting) is sorely lacking.
Today, you may be adept at trading $10k of stocks on Robinhood using money that you're parents gave you hoping over the year for a big 20% win, but you'll equally forget that you have $10k of credit card debt with interest accruing at 30%.
Every generation needs their own form. Before blogging/RSS it was cable financial news on TV, before that magazines, and before that I don't know.
Basic financial literacy (creating a budget, tracking it, adjusting) is sorely lacking.
Today, you may be adept at trading $10k of stocks on Robinhood using money that you're parents gave you hoping over the year for a big 20% win, but you'll equally forget that you have $10k of credit card debt with interest accruing at 30%.