It's sparked a debate on whether a person needs money to understand it.
Financial illiteracy is a huge problem in the U.S., and one Democratic presidential candidate says a big barrier to improving it is that a lot of people don’t have much money.
— Andrew Yang September 24, 2019 The tweet sparked quite a bit of backlash. People responded calling the tweet “inane,” and that those without much money are the ones who need financial literacy — so that they can change their lives with the lessons they’ve learned. Others also mentioned his proposal for “universal basic income,” which would give every American adult 18 and older $1,000 a month, paid for by a new corporate tax.
That’s why Yang’s proposal for a universal basic income could help Americans even more — not only would they receive extra cash in their pockets, but they’d have a foundation when they were taught or did read up on financial education. Yang’s proposal could even incorporate some sort of financial education component, to really benefit Americans, LaSalle said.
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