Comment by dhruvrrp

> Financial literacy itself is quite simple: spend less than you make.

I'd disagree with this. Financial literacy includes understanding how /how much to save as well. Too many people spend less than what they earn, but would be screwed if an emergency hit, because they have basically 0 savings/emergency fund.

And the consequences of this are dire, I've seen people in their 70s working because they basically cannot afford to not work due to a lack of savings.