Knowledge protects against wrong decisions – also and especially when it comes to finances. But that has not yet arrived everywhere.
“An investment in knowledge still pays the best interest.” What Benjamin Franklin, one of the founding fathers of the USA, knew about 300 years ago is still relevant today. Especially when it comes to your own finances. Because knowledge protects against wrong decisions. Unfortunately, Franklin's insight into finance and economics has not yet fully penetrated many of today's youth.
There are two reasons. First: Austria is hostile towards entrepreneurs and the economy. Anyone who achieves something is suspect. Second: Education has been leveling down for decades. Mediocrity is the measure of all things.
In the meantime, many associations and companies have devoted themselves to financial education – but a socio-political commitment to entrepreneurship and economics as a driver of progress is required. Until then, the money will still come out of the machine.
