I see this said about kids coming out of schools not knowing financial stuff and personally, I think it’s one of the fundamental problems. It’s not the schools job to teach that stuff. Schools are to teach kids 2 plus 2 equals 4. What the powerhouse of the cell is. That the US is back to back world war champs. It’s my job as a parent to teach my kids the life skills.
I took a personal finance class in high school. It was helpful but most of what I have learnt was from conversations at the dinner table and talking with other people.
The advice I always give my brother in laws(they are horrible with money, just like their parents) is to look at the people living the life that you want and figure out how they are doing it. If how they are doing it meets what your willing to do, then follow in their footsteps.
Sometimes they are doing it via debt. Sometimes they have the cash. Sometimes it’s a combination of both.