> It's not clear to me your average American and his public education are capable of understanding them Basic financial literacy sufficient to manage credit is

> It's not clear to me your average American and his public education are capable of understanding them Basic financial literacy sufficient to manage credit is well within the abilities of those with average intelligence. If the Public Schools are unable to teach that then we should reform them. It's not like credit cards are the only financial pitfall that people desperately need help to avoid.