Financial Literacy

If you take a look at the ongoing confusion regarding the country’s pre-need industry, one thing you’ll notice is how a lot of otherwise well-educated, well-trained and hardworking Filipinos are in a state of shock / denial regarding the possible loss of their investments.  There is also a great sense of fear and uncertainty as no one is 100% sure as to the state of the different pre-need companies.  People are scared and don’t know what to do.  Now, I have already detailed some possible actions that can be done now in a previous post so I won’t go into that here.  Rather, I will examine the underlying cause behind situations like this and what we, as a people, can do about it.