Comment by dasil003

This is a ridiculously shallow article all based on arguing against a strawman that teaching financial literacy will, on its own, lead students to make wise money decisions.

Yeah, no shit. It's well understood that classroom education can not and does not substitute for real world experience in any way. There is literally nothing the education system can do that will lead to young people making wise financial decisions on its own. On the other hand, teaching them financial literacy is not "bikeshedding" as the article suggests. Financial literacy is not just some esoteric application of basic math that is somehow distracting from the fundamentals. The modern world is set up to prey on the naive by extracting usurious interest rates. Kids absolutely should be taught about this, even if they still have to go through a few hard knocks for it to actually sink in.