Financial Confidence Ebbing for the General Population


Financial Confidence Ebbing for the General Population – That AARP survey called “A Closer Look” I’ve mentioned in the last two blog posts really only concerned itself with those ages 45-64.  The truth is that the financial confidence of the general population has really been knocked on their butt.  The fact is the Wall Street, political, and regulatory elites have really destroyed the trust and integrity so vital to the financial service industry.  Yet not one of them has gone to jail and instead have been the major recipients of the TARP money (our money). This corruption never stops.  If the general population is ever going to get their financial confidence back, they better become investment and money smart and get the financial education required to take control of their own finances.  If they can obtain the right financial education, they will be able to take advantage of this financial debacle and recession that is being prolonged (just like the 30’s) by foolish government stimulus programs.  Remember, more millionaires were created in the Great Depression than at any other time in the history of the United States.  And that same opportunity is existing right now again!  Will you be able to take advantage of it?

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  1. #1 by Bobby on November 1, 2009 - 9:26 pm

    We’ve still got a long way to go, but you’re right, fiscal education is good start for the general population.

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