Financial moronity is a national epidemic. How else do you explain the fact that nearly one out of every two American adults couldn’t come up with $400 if they weren’t allowed to borrow? Not good. And to make matters worse, most financial morons don’t even know they’re financial morons.
I was a financial moron until I was 40 years old. So don’t beat yourself up if you happen to be a financial moron. Most of the people in this country are financial morons, and they don’t even know it. At least you know it.