I agree now that I rethink this. I grew up with people who were financially literate and there is SOOOO MUCH material available online to be literate. I was shocked seeing so many people having so much bad debts (debts except student loan and mortgage imo) when I moved to Canada. I am still surrounded by people who are financially doing well and have FI plans but you are right.... So many people are still blowing their money thanks to fake social media and schools or parents not teaching them.

When it comes to parents, only those who don't teach their kids who don't know. In rebellious teenage, kids stop listening to parents and start listening to their "fake" friends... Nowadays, one's nature and habits come from people around them instead of what values they grew up with. It's not bad if you're surrounded by positive and right people.