I think if this was implemented in the US, the best way to do it would be to include a mandatory financial education class every x time (one a year, every quart

I think if this was implemented in the US, the best way to do it would be to include a mandatory financial education class every x time (one a year, every quarter, etc). Have it online or at local community (YMCA, library, etc). If I had an extra 1k coming in every month, I would totally put all of it back into blasted student loans. How many would love to be able to have it go directly to student loans, mortgage/rent payments, car/credit/other loans? Get rid of a majority of the personal debt in the country, see a boom in the economy. Teach everyone (children and adults) how to save for education, emergency, health, retirement, large purchases- healthy economy.