I would argue that is a basic failure of parenting and education, not a financial failure. Why aren't basic finance classes taught in grade schools anymore? H

I would argue that is a basic failure of parenting and education, not a financial failure. Why aren't basic finance classes taught in grade schools anymore? How hard is it for parents to teach their kids to save 10% of their income, and to put it into an IRA? Edit: Before anyone points it out, I know the IRA is a relatively young investment vehicle (the 70's). Swap IRA for any sane long-term savings and retirement plan.