If every single man and woman spent less than they earned then, yes, every man and woman could improve their situation and we would not have the financial mess we have now. That takes financial education, self improvement. Not necessarily a PhD.
Sure, I'm being harsh just blaming the lower echelons. Yes, the government has to share some blame for insufficient regulation, yes the corporates have to share some blame for predatory tactics but at the end of the day each individual is responsible for their own actions. Not the government, not the teachers, not the media, not the institutions, but the individual.
Responsibility.
For decades, governments of both sides have been trying to absolve the individual of individual responsibility; And they have both been wrong.
tsalta