Wouldn't it be good if, when young people left school, they not only had a good numeracy and literacy but had a high level of financial literacy, too?
I am still amazed at the lack of basic knowledge that seems to be quite commonplace. People will take out loans without inquiring as to the interest rate.
They will sign up for a 'cheap' weekly payment for something, not considering the number of weeks they will have to pay that for or how much more that is than they would have to spend if they paid cash upfront. Many people don't know how compound interest works for (or against) them.
In one case I came across, someone did not realise that the $1000 balance available to them on their credit card was not actually their money.
If kids were given a few lessons in the basics of money management at school, they would pay themselves off many times over.