Every day we are learning that individual debt is growing at an astronomical rate and people spend far more than they earn. Foreclosures, bankruptcies and consumer delinquency have reached an all time high. A major part of the problem has stemmed from the fact that the majority us were not provided with a financial education program either at home or in our schools. A financial education program and money management strategies should have been a compulsory part of our school curriculum.
In their book "Why We Want You To Be Rich" Donald Trump and Robert Kiyosaki stated that "the lack of financial education in America has caused the United States to have quickly gone from the richest country in the world to the biggest debtor nation in history". Their concern is that "the rich are getting richer but America is getting poorer". They expressed that there will be not be a Middle Class in America but a two-class society. People in America will either be rich or poor.
In their book "Why We Want You To Be Rich" Donald Trump and Robert Kiyosaki stated that "the lack of financial education in America has caused the United States to have quickly gone from the richest country in the world to the biggest debtor nation in history". Their concern is that "the rich are getting richer but America is getting poorer". They expressed that there will be not be a Middle Class in America but a two-class society. People in America will either be rich or poor.
