Lewis Mandell Quotations

Financial literacy is still a very significant problem. It doesn't seem to be getting any better.

People don't remember the Depression. People who are younger just really believe that nothing bad can happen to them. Either they think Social Security is going to be there for them when they retire, or they may feel that the government will never let them starve.

This indicates that, despite the attention now paid to the lack of financial literacy, the problem is not about to resolve itself anytime soon.

It seems to me that guaranteeing a kid a certain amount of money may mean kids grow up with a sense of entitlement.