In his recent his column for Marketwatch, Mark Hulbert suggests that no amount of financial education will ever keep people from doing the wrong thing when it comes to their money choices:
“In my experience, the biggest obstacle investors face is not cognitive but behavioral. Even when they have sufficient knowledge, they still do the wrong thing. No amount of education will overcome that.”
Well that’s depressing. And wrong. Financial literacy basics learned and mastered early on can help overcome behavioral missteps later in life.