They’d much rather teach them activism than actually give them useful tools for evaluating their finances and making good decisions.
This is a great primer for those completely unfamiliar: https://www.amazon.com/Basic-Economics-Thomas-Sowell/dp/0465...
I don't care for the credit companies, they're total scum. But I'm not sure how to do anything better.
When I graduated, rented, and paid all my student loans off early and did not have a credit card my credit score actually went down significantly until I opened credit cards and used them regularly.
Most folks in US can’t even afford a $400 emergency expense. Good luck doing even that when your credit is maxed out and your car breaks down so you can’t work.
>> Most folks in US can’t even afford a $400 emergency expense.
It looks like they can, and fortunately the number of people in poverty continues to decline: https://policyadvice.net/insurance/insights/average-american...
Worst case scenario, even in a city, you could sublet or get roommates while you rebuild your credit.
I suspect you are right. I walk down my block and every other building is owned by the same slumlord. It is bad.