The Financial Literacy Lie: Why Budgeting Can’t Save You From Systemic Failure
For decades, the narrative surrounding financial hardship in America has been overwhelmingly individualistic. Whether discussing student loan debt, stagnant savings, or retirement insecurity, the prevailing solution offered by politicians, institutions, and media pundits is almost always the same: financial literacy. The underlying assumption is that if individuals simply managed their money better—if they budgeted more wisely, cut out "non-essential" spending, and learned to invest—they would escape debt and achieve prosperity. This powerful, yet fundamentally flawed, ideology shifts the blame for widespread economic insecurity from systemic failure onto personal ineptitude.
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