Well, i don't see what is wrong with it. Apart that common people don't invest even a bit. This is what happens always with everything. Some people find joy in accumulating stock and others in drinking beer every evening.
My father is compulsive about accumulating wealth via stocks, property, etc.
My father in law could not care less about wealth accumulation, and would rather have lunch with friends outside of work.
I dont know who is happiest, but from the outside they both appear very content and satisfied.
Asking why is it wrong is similar to asking why it was wrong that most people couldn't read or write, for many of them were quite happy being illiterate.
Another is the fact that many choose to own luxury items or buy drugs (tobacco, alcohol are included) instead of... you know... saving. And then self-proclaim to live "paycheck to paycheck"⋆.
Middle class gets poorer and the rich get richer because inflation is literally eating away the former's life savings while the other has doubled his net worth in just 10 years.
⋆I am not discrediting those that are truly living paycheck to paycheck. But a lot of people blaming the system and getting poorer are usually spending a shitton of money on useless things. Financially literate people prefer to save and invest this money because they understand the cost of opportunity.
I can keep pulling examples out of the rabbit hat, just let me know.
None do. Even private schools don't. It's not part of the curriculum and children don't care about those topics. When you reach your 20s you realize how important it would've been but how boring you thought it was at the time. But since you graduated, "learning is over" so you won't teach yourself financial literacy.
> children of global elites receive the best guidance for it
Yeah... from their parents. I worked in the industry and I know that children from UHNW individuals do not want to talk and be taught about money. They are not financially literate, but they have money that allows them to delegate to someone else. This is true for anything in life, by the way: you either learn to do it or you pay someone else to do the job.