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Wendy's avatar

This is really important stuff. I'm in a state where there are moves to try to mandate financial literacy education and I was just trying to explain to someone why I don't support that. While I think demystifying money stuff and trying to break cultural taboos around talking about money, so much of the existing financial literacy programs and curriculum are based on the idea of "know better, do better" and assume that knowing about budgets means people are equipped to use budgets and get out of poverty with careful use of envelopes of cash. So much of it misses that how people handle their money (or lack there of) isn't what many would consider "logical" because poverty brain is real and money is emotional and shame and panic override any careful financial planning. It's so much harder than most people teaching or preaching about financial literacy seem to understand.

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Brad's avatar

Fantastic post, very helpful, thanks.

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