It is ridiculous, and highly fucking suspect that the western world sends kids to school, and at basically no point before college are they told ANYTHING about how currency, loans, and taxes work.
Virtually everyone is spat out into the adult world with ZERO knowledge of finance beyond what a literal child can INFER by casually observing the world around them. Which is to say that essentially 90% of the adult population is totally clueless about how the most important commodity in their life works.
In every country in the western world, a room full of people decide what the state schools must teach, and they invariably decided that nobody needs to know how to fill in a tax form, how loans and interest work, what causes inflation, what determines the price of goods and services, etc.
The majority of the population is purposely kept ignorant of the economic system.
In 1975, I took an elective as a HS Sophomore called "Introduction to Business" where we were taught these things (not about tax forms, though). The guy even taught us how to balance a checkbook.
Now there is something good.
It is ridiculous, and highly fucking suspect that the western world sends kids to school, and at basically no point before college are they told ANYTHING about how currency, loans, and taxes work.
Virtually everyone is spat out into the adult world with ZERO knowledge of finance beyond what a literal child can INFER by casually observing the world around them. Which is to say that essentially 90% of the adult population is totally clueless about how the most important commodity in their life works.
There's gotta be someone at the top of the public education committees preventing financial knowledge classes from being a thing.
Without a doubt.
In every country in the western world, a room full of people decide what the state schools must teach, and they invariably decided that nobody needs to know how to fill in a tax form, how loans and interest work, what causes inflation, what determines the price of goods and services, etc.
The majority of the population is purposely kept ignorant of the economic system.
In 1975, I took an elective as a HS Sophomore called "Introduction to Business" where we were taught these things (not about tax forms, though). The guy even taught us how to balance a checkbook.
Is such instruction now obsolete?
It should be mandatory.
How many highschoolers are going to voluntarily pick something so phenomenally boring?