Ask HN: Why isn’t finance a part of the core curriculum at schools?

Re:Ask HN: Why isn’t finance a part of the core curriculum a... by BurningFrog on Saturday October 24, 2020 @10:04AM (#24879290)

I won't speculate about numbers, but until I dealt with people with "spending problems", I had NO IDEA seemingly smart people could be like that!

Simplest way to describe it is that their definition of "I can afford X" is "right now I have more money than X costs". Really!

These people will of course always be poor, regardless of income, subsidies etc.

How many they are is an empirical question, and I haven't seen any data.

One idea to handle them I like is to pay people daily, instead of monthly/biweekly. In the modern computerized world, that should be simple, and could really help some people.

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Re:Ask HN: Why isn’t finance a part of the core curriculum a... by FlyMoreRockets on Saturday October 24, 2020 @01:33PM (#24880665)

Living month to month from cash reserves is the general way to describe this mindset, and is is the reason the nation sees a significant increase in purchases of durable goods when tax returns roll in each spring.

Your idea of daily payouts is a very clever hack on the system and deserves a practical trial. It would be most interesting to see if it encourages inceased savings on this scale.

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