Financially illiterate parents raise kids the same?

That’s the worry, at least, of MP Dunleavey .

And, to me, it’s a very reasonable worry, the idea that adults who seem to think money grows on trees will teach their children the same ideas.

As far as the parents, here’s the depth of either financial illiteracy, financial laziness, or belief in a government financial sugar daddy:

• A third of Americans have no personal nonretirement savings.
• A quarter have saved nothing for retirement.
• One in 10 have trouble with mortgage payments.
• Millions struggle to pay bills on time, with 7 percent, or about 15 million adults, getting calls from collectors or considering bankruptcy.

I can more than halfway understand the quarter of the population who have saved nothing for retirement.

But the others? No, I don’t get them and I don’t feel sympathetic for them.

And, with that, it’s no wonder that people have fallen prey for these gimmick mortgages.

But, there is no shelf life or expiration date on the old saying, “If it looks too good to be true, it probably is.”

Unfortunately, due to the localization of education, state requirements to teach financial literacy are still few.

And many of the classes don’t start with students young enough.

Still, it’s a start.