Sophisticated algorithms are constantly gauging us online, calibrating the likelihood of various outcomes without our knowing about it. In financial life, these computations mostly involve risk. But they are hidden. What if, as financial citizens, we were able to view our own risk profiles? It would be an effective educational tool to know exactly where we stand. Too much debt to income? You might get a heads up about that. Something tells me this stuff is hidden because few people have asked for it. I think a startup could launch a free “scan me” risk profile feature for those who don’t mind inputting their data using some of the industry-standard stuff that businesspeople use.
If this post seems short, it’s because I’m composing it while riding on a bus, and I just got to my stop.