Imagine someone handed you a chef’s hat and apron and dropped you into a trendy restaurant, directing you to “fuse elements of French and Thai cuisine.” Problem is, you’ve only watched cooking shows and, at best, you’ve sliced the occasional carrot to help your dad with a stew.
This is essentially the state of financial literacy today. Folks aren’t being taught the skills necessary to become financially literate. They are tossed a hat and an apron and are expected to just figure it out. This is a recipe for disaster. Financial Literacy, like becoming a top chef, can only be achieved by developing skills over a period of time…a long time.