re: 22 year old blows 90k for college, blames Parents

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I blame a little bit on parenting here. I blame a lot on our education system by not teaching these kids anything about personal finance in high school.

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I blame them both equally but I agree it's messed up that a lot of kids have to face the world not knowing how things like credit work. For example in college I had a ton of money and also had a credit card. Well I would use it for stuff and just pay it off every 3 months or so because I didn't care about late fees and I thought they would like getting extra money, I had no clue about lates on a credit report. I fricked my credit for years over lates on a tiny credit card while I had over 6 figures in the bank for most of that time