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A comment on Why is the stock market rallying when the economy is so bad?. Parent comment

Re:Why is the stock market rallying when the economy is so bad? by WalterBright on Monday May 11, 2020 @10:04PM (#23149817)
If you are not poor and yet choose to spend all your money, yes you can have nothing left to invest. If this is happening to you, you might consider counseling from a financial advisor.
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Re:Why is the stock market rallying when the economy is so bad? by kennywinker on Tuesday May 12, 2020 @04:21AM (#23151681)
Ok so let’s slice it up. 25% of the pop is, in your view, legitimately poor... lowest quintile. Which leaves 61-25 = 36% of the population of the US is just bad at money and it’s their own fault?

I would be very hesitant to make an uncharitable assumption about that many millions of people - their situations are likely more complex than you or I understand.

Best case scenario, you are right, and we are failing massive swaths of the population by not teaching good money management as part of the core education everybody receives. Either way, things are broken right now!

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Re:Why is the stock market rallying when the economy is so bad? by WalterBright on Tuesday May 12, 2020 @04:05PM (#23159017)
A quintile would be 20%, not 25%.

I've advocated many times on HN that public schools teach basic accounting and how a free market economy works.

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