- cross-posted to:
- news
- cross-posted to:
- news
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
I’m starting to think that the reason why they don’t teach financial responsibility in school is because banks would lose less people to prey off of.
I wouldn’t be surprised if that sort of education is heavily lobbied against in Washington!
Education is certainly lobbied against in Florida. Interestingly enough, I do believe Florida has mandatory personal economics in schools.