US schools fall short on financial literacy. So a generation saddled with money woes has developed language of its own

If there is one subject the US education system bungles more than sex ed, it’s financial literacy. I never once learned about insurance, credit card debt or what a 401(k) is.

The only lecture I remember getting on the topic of money came from a gym teacher who, while going through a divorce and midlife crisis, thought it wise to show a group of eighth graders how to float a check. A useful skill, maybe, except that no one uses checks any more.

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