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To: William Tell 2

I don’t think this problem can be laid entirely at the feet of financial illiteracy. I think it is more a product of emotion winning out over reason. Not that people are financially literate, but even if they were, they would fall for the same old pitch that leads so many to ‘care’ more than think, to vote with their heart not their mind.


6 posted on 06/27/2013 8:29:41 AM PDT by Old North State
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To: Old North State
I blame the public schools. Students are taught everything BUT math. How to put a banana on a condom, 'fisting', black history, gay history, anti-'bulling' programs that are really pro gay.

A high school grad should be able to read a credit card bill, and answer questions like this: If you pay the minimum, but continue to charge X dollars per month, what will the balance be in one year? They should be able to know how many years it will take to pay off a loan given a principal of x dollars, y% interest, and z monthly payments. If they can't do that, the high schools have failed to teach basic math and the student is certainly not ready for college level.

7 posted on 06/27/2013 8:41:42 AM PDT by sportutegrl
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To: Old North State

You are correct.


10 posted on 06/27/2013 10:09:15 AM PDT by William Tell 2
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