Why is it that one can go through 12 years of schooling without taking a single class on what money is, how money is created, credit cards and other traps, interest rates, the role of the Fed, etc., when the one thing everyone absolutely needs to understand the moment they are tossed into the real world is money?

How is it that we have an education system that leaves students so ill prepared for the real world in regards to things they need to know about stocks, bonds, interest rates, credit cards, and the time value of money?

Yes, I know that administrators, not teachers set the curriculum. However, the end result is what matters: high school graduates are economically illiterate.

I am wondering: How many teachers would complain if we threw music, art, and Latin class out the window and required 4 years of economics instead?

How many parents and teachers would complain if we threw sports out the window?

Regardless of who is to blame, the bottom line is what matters, and the bottom line is our education system churns out economic illiterates, ill prepared for the real world. Sadly, I believe it is safe to say that most teachers are economic illiterates as well. Of course the same applies to Congress, and even the Fed, the latter being "over-educated" to the point of placing complete faith in academic gibberish instead of real world practically.

Pray tell, why is this?