There was another post on here that linked to a long but excellent article called “The End” that linked the IPO of investment banks to the derailment of investing. That’s one fix.
Another is to teach people to manage a budget, teach them about compound interest, mortgage products, inflation, mutual funds, all the basics, and do it in high school.
Then, most importantly we need a Government overhaul. All these socialist slants I hear on here and in the news will only make things worse. The Government has proven they can’t manage Medicare or Social Security – why give them more? They can’t make taxing people profitable. Some programs are designed to be subsidized by the Government, but they should be treated like a business.