Our public school system could provide some important guidance in this important money management lifeskill. Perhaps money management could be added as a unit in the Public Schools "New Math Curriculum". It would seem as practical as say Algebra and Geometry.
I agree. I think it is even more practical than Geometry and several other classes. There is less real world teaching and more book teaching in both high school and college. At the same time, as you mentioned, parents need to take responsibility and teach their kids something. Many parents don't teach their kids much or discipline them. (That is a whole different rant though)