What happens in Europe is that most people do not have financial education. Financial education is not a mandatory subject in most educational systems, a large part of the population does not understand basic concepts such as interest rates, inflation, investment diversification. There is a dependence on banks or private institutions that provide educational programs, with all the risks this entails for objectivity.
What happens in Europe is that most people do not have financial education. Financial education is not a mandatory subject in most educational systems, a large part of the population does not understand basic concepts such as interest rates, inflation, investment diversification. There is a dependence on banks or private institutions that provide educational programs, with all the risks this entails for objectivity.