Yes, and a certain portion of the population will also be drunks, drug addicts, murderers, adulterers, etc.
I still believe that financial education – of some sort – should be required. If Phys Ed is, why not finance?
When my aunt was in 8th grade (in the 1950s), her public school taught the basics: how to balance a checkbook and how to create a simple budget. I think it’s a shame that schools don’t teach this stuff.
Two years ago, I took my 15 year old godchild shopping for her birthday. She desperately wanted a $70 pair of shoes from Nordstrom’s. I caved in and bought them for her. When I mentioned they were expensive she quizzically said, “Is $70 a LOT of money?” I explained that she’d have to work for 11 hours at Starbuck to buy those shoes. She started laughing and said, “oh, very funny!” She thought I was JOKING.
