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Why are we so slow to learn about money? It is an old saying that we have all heard before: “We get too soon old and too late smart.” Sadly, there is all too much truth in that line, and nowhere is this more apparent than when it comes to money.

I think it is an interesting question to ask why this is so.

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Occasionally a statistic pops out at you that sort of hits you in the head. I read one this afternoon. It’s not a surprising number for me, but it is one that is downright scary when you think about some of the realities of our times.

I read this in the Retirement Confidence Survey published by the Employee Benefit Research Institute. It reports that in 2010, twenty-seven percent of Americans say they have less than $1,000 in savings. Furthermore, more than half of workers (54 percent) report that the total value of their household’s savings and investments, excluding the value of their primary home and any defined benefit plans (there are only 38,000 of these), is less than $25,000.

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Without getting sidetracked by politics (not the focus of this blog), it is still important to be aware of the potential disaster in the path of anyone who lets government attempts to stimulate the economy divert them into unsound spending habits.

In general, governments appear incompetent, at a minimum, when it comes to recognizing the cause of our economic woes and the appropriate steps needed to fix the problems.

…However, many individuals are choosing to become responsible, intelligent decision makers when it comes to their personal finances. You and I can be among them.

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