Wealth Gap

The Elephant on the Debate Stage: Financial Illiteracy

Unfortunately, there hasn't been a whole lot of why in the debates. This is particularly true when it comes to the main topic of last Wednesday's kerfuffle: the economy. Whether it's the crash of 2008, the Great Recession that followed, the widening wealth gap, or ballooning student loan debt, both sides are quick to blame the other and Wall Street greed as causes.

But is there a larger issue at work here? A common thread that no one’s thought to point out yet? I think so. I think the why behind a lot of these issues is financial illiteracy...