Not stupid--hopeless
Posted February 7, 2009 - 03:26 by Philip Brewer
You can't avoid hearing about them these days--people making stupid financial choices. I heard a while back from a woman with huge debts wanting arguments for convincing her husband to cash in his retirement savings so she could buy yet more consumer crap. Some of these people are stupid--or at least ignorant about financial matters. But I think many of these cases are something else. Some of these people are not stupid. They are, rather, hopeless.
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