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RE: The Debt to Income ratio, a critical indicator for your personal financial health
Public education systems are failing to educate thoroughly or adequately on basic financial literacy.
Who is to blame when students go into deep debt to get useless degrees?
Probably the parents, who never taught the value of money and left the youngster to find out those facts the hard way.
The degrees aren't even useless though. It's more just having a degree doesn't mean you'll make a lot of money. You can be a total genius and broke.
Haha, it's gets tricky in my country, India too. Idiots are millionaires/billionaires here. They just join politics and gobble all the public funds. ;) Or just pass the civil services exam... So, it's like work whenever you want and have more money than the greatest business leader would dream. All of it minus any 'work'!
Then some inherit a tonne of money too. Sometimes it just helps to just flow with the tide and enjoy your work instead of thinking too much.
It is like that anywhere to be honest.
Haha, true. It is just more conspicuous in third world countries.