Hi, Kevin,
I've spent many years working for a government agency in
the inner city of a large city.
Many people I've spoken with, who r veterans of the local
school system, r still locked in a poverty mentality.
They do not know or care about investing. They think u have
to be rich to have a checking account, so they waste money
on money orders. They waste money on whole life
insurance but wages earners do not insure themselves for
the sake of their children because it is just for burial.
I could go on, but u get the point.
Years back I mentioned to a co-worker who used to live in
Chicago that public school systems ought to teach basic
finances. I did not mean how to invest -- I meant how to
balance a check book.
She told me that was tried in Chicago, but all the leftwing
political & racial groups got up in arms about it & got
the proposal stopped.
Many groups in this country want to keep poor people poor,
so they remain dependent on government aid.
So this answer is more political than about investing, but
it is a sad fact about our country today. Too few people
understand & appreciate capitalism. We have many
enemies who call themselves good Americans.
Something to think about when u go to vote this November.
best, Rick Stooker