Posted 3/19/2024, 10:44:00 AM
Financial Literacy Crisis: Texas Man's Lavish Spending Depletes Savings, While Gen Z Shows Signs of Improvement
- Texas man earned $10k-$12k/month but spent lavishly, depleted $30k savings
- Now earns $3,500/month but refuses to work over 15 hrs/week, spends lots on Jiu Jitsu
- Owes $5,245 on 30% interest credit card, makes poor financial decisions
- Lack of financial literacy is crisis, costing Americans billions annually
- Some hope as Gen Z takes more financial literacy courses, inspired by social media trends
