In my opinion, people who cannot be silent about how much they have cannot “be their own bank”.
Kinda puts an interesting little discussion on the debate between personal autonomy and personal competency in today's population.
The reason safety guards and authority states exist is because of the incompetency of the average person. We all have seen cases of the naive individual who falls for some email scam, or even a street hustle. Everyone is just too ignorant and/or not cautious enough.
It is indeed an interesting discussion especially for the young people who have been introduced to a culture where it is the norm to have all of your business online for the world to see. They do not seem to care about the harm it does to their privacy and autonomy.
Social media has programmed people to be careless with their personal information all for likes and comments. Emphasis is the quotes is mine.
It's not a matter of 'being smart'. It is a matter of what should be plain common sense! You don't go around on social media bragging about all of the nice things you have and sometimes in the same breath tell that your are going on vacation tomorrow for a week. You don't have apps running on yer phone letting everyone know where you are (or for that matter have GPS active at all). etc etc.
Regarding:
Just because you are smart doesn't mean you spend every waking hour looking for ways people can scam you--as scammers do.
The reason safety guards exist is because we have this cool "civilization" thing that allows us to have specialized professions, freeing most people to pursue their field rather than needing to know ever single one of them.
Again, being knowledgeable in a given profession is irrelevant: When delving into something new - LEARN ABOUT IT - not just 'what it is' and 'how much you can make' but also potential pitfalls before investing in it.