January 21, 2004

Exactly

People need to learn about investing their money. It should really be a high school class taught right after algebra. The importance of basic knowledge in this area will continue to grow as the national debt gets bigger and social security becomes more of a myth for today's young professionals.

We're financing today's old people, and I'm okay with that, but the government should drop the sham that we'll be able to get money from the SSA when we get old. From pensions to 401(k)'s and Super Bowl beer commercials to Super Bowl online trading commercials, all signs point to us providing for ourselves in retirement.

That's not necessarily a bad thing. In fact, that's the way things are in my imaginary ideal world where everyone knows how to manage their money. Without a national sense of forethought and investing savvy, the imaginary world crumbles and the need for a safety net like social security becomes painfully evident. Since the inevitability of that net not being there for us is...well...inevitable, we have to shore up the issue of getting people to think about their future and how to invest for it.

Posted by kstroke at January 21, 2004 12:37 PM
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