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Stephen Breyer's Ice Cream's avatar

Man it'd be nice to have financial literacy be a required class in public high schools. Like Home Economics but for the 21st century.

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Gavin Farrell's avatar

I wish I could find the exact number somewhere, but between interest and fees, The average American is paying something like 400+ dollars a month to the Financial sector. Over time, 2/3 of your 401k earnings actually go to the managers of it. This is why the Neoliberal turn desperately wanted to move from pensions to 401k's.

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