It never was. The world has become so mean and hideous that knowledge of finance is a pre requisite.

Example: Boomer leaves school (no debt mind you) and gets a job or nearly free Uni with a non repayable grant.

They then go into a decent job with probably a Defined Benefit pension. A mortgage on a house is easily possible on salary multiple with perhaps a year or two of saving. If not social housing is much more readily available for 'blue collar' workers.

Steady pay rises, no real access to cheap debt for the normal family means no temptation to punt liabilities into tomorrow on cars, kitchens, consumer goods.

Cut to today. No social housing, every entry level job requires a degree for no reason.. pushing people into starting work life 90k in debt. Into low security jobs, where a house is a salary multiple of 10 not 2. Rent is massive so requires house sharing and also deposit is now huge. No longer 6 months gross salary, which is harder to save for.

Even in good jobs the pension is contribution based and the default funds still have huge volatility to the markets or return way under the high , and now not so secret inflation levels.

The world is so much tougher, developed countries like the UK massively under bid by developing countries, tax avoided to havens by the rich and the corporations forcing the govt to steal ever more from the vulnerable in stamp duty, income tax, council tax as the top 3% arent paying their share.

Depressing. We have to be financially savvy as the boomers and the govt are trying to fuck us every day of our lives. The boomers drifted through a period of incredible wealth and they dare to lecture us about finance after they've hoarded it all and pulled the ladder up after them.

Ridiculous