June 3rd, 2006
Vanguard has an interview with Eric Tyson, author of Personal Finance for Dummies and a few other books. He says more people are involved in investing than ever before and the Internet is making it very easy, but few people research the stocks they invest in and few people live within their means.
From the beginning, I knew that many people simply are never taught how to manage money. What I’ve learned over the years is just how serious the problem is. There’s clearly a lot of financial illiteracy in America, though there’s more information available on the subject than ever before.
I’ve also come to realize that a pretty significant portion of the population has great difficulty changing their financial habits, even when they know they’re making serious mistakes. People have a hard time changing their behavior, even if they’re shown the correct path.
I Spy movie download
The interview was a good read.
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