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RE: Rinse and repeat generational investment

in LeoFinance2 years ago

Most Americans have way less than $1,000 in savings and little, if anything, invested.

I think it is the same in Australia nd getting worse. The averages ae increasing, but those in the bottom bands are too. If I remember, it is something like 23% with under 1000 in savings in Australia, even though the average savings has gone up astronomically over the covid period.

It's a precarious situation, a house of cards waiting to fall.

Eventually, there is always a slip up. Like secrets, they always come out in the end.

I think first teaching children the value of money and then teaching them how to make that money work for them is the greatest gift they can receive.

Too many look to give kids money, not teach them how to make it for themselves. It is like the most basic life lessons are getting forgotten.