re: Do you know personally know someone that has absolutely no understanding of money?

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I would much rather them squeeze in a required class that teaches them about 401k's, IRA's, APR, compounding interest, how to take out a mortgage, buying vs. leasing (houses AND cars), leveraging debt, and on and on.

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I fully believe that the reason these things aren't taught is because the financial system would collapse if everyone knew how to properly use it.