“Pathetic.”
That’s the succinct verdict of Wall Street legend Muriel “Mickie” Siebert, when asked to describe the state of financial education in our schools today.
We teach kids “Tasmanian history,” she jokes, but not the stuff they might actually need, like how to balance a checkbook, how to handle credit cards, or how to evaluate the full costs of owning a home or leasing a car. “They don’t know,” she says of young people, “and they don’t know because they’ve never been taught it.”
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