It’s hard to disagree with the idea that in life we trade one thing for another. We trade our time and energy for money. We trade our time and energy for food, water, shelter, protection, and a whole lot more.
In addition to trading ‘things’, we trade ‘ways of being’. Adults trade being good employees, being good spouses, being good citizens. Kids learn early on how to trade ‘being good’ for you letting them do certain things they want to do or buying them things they want or think they need. We move about our lives, and the planet, by trading things between us.
The next idea it’s hard to disagree with is that most adults also trade their times and energy for money which they then, in turn, trade for many of the things they need and want, including experiences. Most of the time money is a necessity for buying food, renting shelter, paying for health care and education; the things that make our lives convenient and enjoyable in one way or another.
Now let’s throw a wrench in the works. Let’s attempt to teach people HOW to trade their time and energy for money but NOT teach them how to USE the money wisely?
That’s what’s happening not just in the United States, but the world. The lack of financial literacy and basic financial skills among our population has put millions and millions of adults, young and old, into an entirely new version of debtor’s prison. Overcome by the ‘shiny object syndrome’ they use the ability to pay for things now with the intended promise to pay for said things later. Only problem is that between special rules that seem to apply to the credit card companies and adults inability to control their spending, the promise of paying later is happening later and later, or not at all.