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RE: Guess what? Most Americans are not financially literate
Financial literacy is very important, but I don't think anyone who is financially literate would touch the stock market with a 10 foot pole. Stocks are ridiculously overvalued, only a fool would go there now just before thwe massive crash that's coming.
I think it depends on what stocks and if you know how to analyze securities. Fortunately you can learn when a stock is over or under valued for the price.
We live in a nation where people buy cars, houses, consumer electronics and data plans they can't afford already, why add stocks to that mix?