10 Astonishing Times People Were Shocked by Another’s Lack of Financial Literacy!

Have you ever been surprised by someone’s lack of financial literacy?

Recently a man explained that he was astonished by how literate his  coworkers were in tax-advantaged investing and general personal finance.

Several people didn’t seem to understand the concept of profit when  selling a vehicle. One Redditor shared a story about his friend who  purchased an automobile for $70k several years ago.

$5k Profit

Another explained his business partners once held a meeting where they  proposed buying new luxury cars with company money to impress  prospective clients.

Tax Write-Offs Don’t Work Like That

Another person explained that their 70-year-old coworker confessed that  he would stop contributing to their company 401k, as his money hadn’t grown.

Stop Contributing to the Company 401K

One user explained that a coworker always complains about how she and her husband are broke.

Don’t Believe In a 401k

One volunteered as a nine-year-old child; her pastor said, “Everything you give, you will receive 10x over.”

Tithing for Blessing

Another common occurrence that surprises people is the lack of understanding of how tax brackets work.

The “Don’t Accept That Promotion” People

The idea of upping your withholdings from your paycheck so you receive a more extensive refund check at tax time with the attitude of “It’s like free money”.

Higher Withholdings

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