I would add:
Tax treatment of different forms of income
What are capital gains? What does it mean for them to be realized vs unrealized?
Tax treatment of different forms of income
What are capital gains? What does it mean for them to be realized vs unrealized?
That federal income tax in the US is levied in a progressive fashion; for example, to be taxed at the top income bracket at 37% as a single filer in 2022 meant that any money made OVER the amount over $523,600 is taxed at 37%.
Too many people I know think that all of their money is taxed at a flat XX% based solely on the highest income tax bracket they are in. This is simply not the case at all.
The estate tax is the most egregious example.
The "don't take a raise, you'll actually make less" factoid is way too common.
This is personal finance, for all, not professional accounting for optimizing cash flows. it's far moren important to learn the basics of not getting robbed by predatory businesses, so that they can have a chance at saving some money to turn into capital gains later.
Every mortgage contract I've bought included a separate page that said simply "I have read and understand this contract" that had to be signed.
At what point does some personal responsibility come into play?
Yes, but high school is your last chance to get it into everyone's heads.