These days it seems most of the youth of the world is woefully uninformed when it comes to financial literacy. I was lucky to have parents who taught me early on about credit. Even when I found myself, in my twenties and thirties, underpaid and overworked, living above my means with the help of numerous credit cards, I still knew how to right my own financial ship. It seems that for the most part, today’s youth do not have the same experience or knowledge.
I know plenty of people, even in the Gen X and Baby Boomer generations, who consider owning their own piece of property pretty much out of reach in today’s world. Many of them cannot afford today’s rent prices either. This is glum on so many levels. I mean, who wants to move back in with their parents in their mid-forties? Sadly, I’ve seen this one too many times in the recent past. To make matters worse, rents all over the world are skyrocketing and the cost of living is only rising…. (to continue reading, please go here)