There's a lot of research on the shift in who deals with money when families get in trouble. In good times, husbands handle the family's finances about 80 percent of the time. But when times turn sour and families start dealing with creditors and managing unpayable bills, women take more active roles.
My response [to fear of being poor]was to study contracts, finance, economics, to plan, to have a goal, to work on that goal. To learn everything I could. I always poked at the things that scared me most.
It's powerfully important that our kids get an education in personal finance.
Good for Warren Buffett that he can afford to do that! Some people, sometimes, need to finance a purchase or rent a car, and a credit card becomes a necessity.
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