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More victimization of the people who take these loans on. If you can drive one ton of sheet metal 60 miles an hour among peers, you can understand that spending

• Broken_Hippo 11y ago
  How many 16 year olds have a clear enough mind to realize how much responsibility driving is? And is there an actual choice for most people? McDonalds used to as on their application if you had transportation to and from work, and public transportation is non-existent in most places, and horrible in many others. For example: I lived in one city that only had cab service. You could not rely on it to get to work on time. You could not order a cab in advance, and the wait time for a cab could be anywhere from 10 minutes to 2 hours. Many of the city's roads had no sidewalks, and bikers were required to share the road with cars and follow the same legal rules as cars - turn lanes and all. Which might not be so bad on a nice day, but during a snowstorm it would be downright treacherous. Besides - one must prove, to an extent - that they can drive the cars and know rules of the roads. The same sort of thing is completely absent in schools. The most 'personal finance' training I recieved was in 8th grade - a 6 week course ran by a dude that owned a car dealership. We got extra credit if our parents went to look at a car, and more if they bought one.