That might make sense to me if the teachers were responsible for teaching financial literacy. It's been a decade or two since I've been in high-school but we d

That might make sense to me if the teachers were responsible for teaching financial literacy. It's been a decade or two since I've been in high-school but we didn't have 'home economics' or anything approaching education in financial literacy. American learn financial literacy from their parents and whatever they absorb through osmosis from their environments, which has led to the situation you describe.