Well luckily I rented a small house and drove a 15 year old car for the first 2 years after graduating despite a decent income. Got my loans paid off and saved

Well luckily I rented a small house and drove a 15 year old car for the first 2 years after graduating despite a decent income. Got my loans paid off and saved up for my first house. I've seen a lot of people graduate, get their first job and then buy a car that is more expensive than their yearly salary. "Well I want to be able to enjoy having an income now"...not doing the math on what that costs and what they will need to pay back. Adding a financial literacy course in high school and requiring completion of that course before getting loans for college should be a must.