Financial illiteracy among Americans, and beyond...
in Economy ·
Exactly—nobody's really sweating the IRS or any legal fines around here. Even though we read all these stories about some entrepreneur getting hammered by taxes, regular folks barely ever get hit. So, I guess there's just zero need to stress over knowing all the technicalities or whatever.
If the author was talking about being smart with money—even if it looks like we're all clueless sometimes—I'd say everyone from this part of the world is actually pretty sharp. Like, look at why so many people make it when they move abroad. It's because they take all that survival experience from growing up here and apply it to a more organized system. You could debate the specifics of that success, but generally, people hold their own out there. If someone’s spent time in the USA and hung out with locals, things will probably click for them pretty fast. I'm talking about your average American.
If the author was talking about being smart with money—even if it looks like we're all clueless sometimes—I'd say everyone from this part of the world is actually pretty sharp. Like, look at why so many people make it when they move abroad. It's because they take all that survival experience from growing up here and apply it to a more organized system. You could debate the specifics of that success, but generally, people hold their own out there. If someone’s spent time in the USA and hung out with locals, things will probably click for them pretty fast. I'm talking about your average American.