alt Hacker News99.65% of 18-year olds 100% do not. or compound interest. the system is rigged against them to not be taught any of basic finacial literacy
99.65% of 18-year olds 100% do not. or compound interest. the system is rigged against them to not be taught any of basic finacial literacy
Basically all college-bound 18-year olds understand what debt is — you’re infantilizing them to a ridiculous degree if you think otherwise. A lot of them choose to proceed with college due to career optimism and following the herd, not because “debt” is some magical concept that they don’t understand.