No one is owed anything just because they’re here. However, it seems as though many people are irresponsible with money perhaps because they think someone else will take care of them.

The CNBC article that is linked above shows the results from a survey about saving by GoBankingRates. The results are not encouraging. Sixty-one percent of respondents aged 25 to 34 had less than $1,000 saved and 41% had ZERO savings. If they attended college a 34-year old should have graduated more than a decade before. (Yes, I know about student debt and I also know that government subsidies are the main reason why college has become so expensive. That’s another story for another day, though.)

The lack of financial education in America’s public schools will have very negative consequences. It already has.