Bessent wants Americans to avoid easy-money traps and invest in financial literacy
WASHINGTON (AP) — Treasury Secretary Scott Bessent winces at the allure of easy money — whether it’s lottery tickets, buy now, pay later loans or the promise of a crypto windfall — warning that the get-rich-quick mindset often leads Americans farther from financial stability, not closer to it. “There are a lot of young people, mostly young men, going to blue-collar construction jobs, playing the lottery. It drives me crazy,” Bessent said in an interview. ”The best thing you can a...
Read MoreFri, 01 May 2026
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