I went to my local 7-11 a couple of weeks ago to get some cash at the ATM. Next to it was a garbage bin for throwing away your receipt.
Out of curiosity, I went through about a dozen and not a single one had a balance above $1,000. Most were below $500.
There is little financial literacy in this country. Basic lessons about opening a bank account, the difference between checkings and savings, etc. is not something that is taught in K-12 nor in College. Let alone more "advanced" topics like 401Ks and IRAs and investing in the stock market.
Out of curiosity, I went through about a dozen and not a single one had a balance above $1,000. Most were below $500.
There is little financial literacy in this country. Basic lessons about opening a bank account, the difference between checkings and savings, etc. is not something that is taught in K-12 nor in College. Let alone more "advanced" topics like 401Ks and IRAs and investing in the stock market.