“We had the credit crisis, and millions of Americans lost their homes and we still don’t have basic financial literacy for Americans. … We don’t have it for the most vulnerable members of our society,” said Vishal Garg, CEO of Better Mortgage. “If your parents didn’t come from wealth or aren’t in the business of managing their own money, you fundamentally are left on your own. You don’t learn how to compound interest or figure out how to shop for the best loans, and fundamentally every aspect of American life today — to move up in the socioeconomic ladder — requires engaging in some sort of borrowing,” he said.