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Originally Posted by Locobot
In Ustwo's state you're required to pass a course in consumer economics in order to graduate high school. The course covers topics such as insurance, lease agreements, contracts, labor rights, how to budget, and bankruptcy. Therefore I'd have to say one of the major premises for this thread, that we aren't teaching people financial responsibility, is pretty much bullshit.
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I graduated high school in Illinois only 5 years ago. Unless things have changed since then (in which case, it doesn't really effect Ustwo's premise anyway), it was not a COURSE in consumer economics, it was a week or so of information thrown into the middle of some other class. And I went to school in one of the best areas in the state and country (at the time at least, I don't know what it's like now but I hear it's not as good from current teachers there).