You can educate someone all to hell, but if that person has no impulse control they'll just keep making the same mistakes over and over.
Funny you should say that, a friend of mine put to me simply...."the more you make, the more you spend..." for a person that cannot resist an impulse, that statement will ring true.
Really in any matter, not just finances....
As far as education....I work for a French-owned, worldwide company and I speak to our European employees everyday....our education system is so different than theirs, IMO ours is crippled in comparison.
(and sorry if I rant here....)
Their children learn to speak several languages - this is common everyday learning, they're trained in several disciplines and professions....IMO better prepared for a global economy.
What is being produced and consumed are things being made in what we in the USA first considered to be 3rd world countries, many of which are now somewhat quite developed.
Here the importance of owning something irrelevant is so great that if you don't, you're an embarrasment. The "need" to buy something for the quick fix or sue someone for the quick buck is bred into our children by what they see everyday....the quick fix, the quick dollar, instant satisfaction, instant everything and anything....the sense of a dollar earned isn't there anymore...."I want a $500 video game player" that's all the majority know....not how to get it, not how long it took in OT for their parents to earn that $500 to get it...are our children preparing for when the same thing will cost $1500 for their children ?? Hell no....
Too much is emphasized on owning....on right now....not preparation, not being meticulous and thorough, not on dedication, or loyalty, or other dignifying, honorable traits, not on tomorrow period. Who stands to benefit from our childrens education anyway ? Not the people that are in power today....they'll be dead, the country in shambles, debt (personal and globally) far worse than we can ever imagine today. Only an enlightened few and those that have suffered (read: sacrificed their wants of today) to earn their keep will make it.
Is our education system or laws protecting (read: sheltering) the children preparing them for the brutal world that awaits them, hell no....those in control only want their money NOW. As for the children....well, they're too busy wanting what's being ingrained into their minds not with concerning themselves that 150,000 people abroad want his/her job when they apply for it.
Again, this is IMHO.