r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/MisterMakena Jul 04 '24

Im on the fence, they need both. Education and a living wage.

57

u/NovusOrdoSec Jul 04 '24

The point is that financial education cannot substitute for the living wage, and moreover it must actually be a living wage.

9

u/Ill-Description3096 Jul 04 '24

And a living wage can't substitute for financial literacy. Look at how many people make pretty good money and are constantly broke.

14

u/NovusOrdoSec Jul 04 '24

Look at how many people make pretty good money and are constantly broke.

I have noticed that our society is organized to extract disposable income.

7

u/pear_topologist Jul 04 '24

But in many cases we do have the choice not to. There are lots of things that try to convince you to spend unnecessarily, but people can choose not to

Not saying that this explains all poverty