'I Am Not Prepared For Life' – Millennials Blame Their Boomer Parents For Not Teaching Them How To Be Responsible Adults. The conversation, initiated by a 38-year-old woman on Reddit in January, reflects on personal experiences and seeks input from others on how they were prepared for life’s challenges. The statement emphasizes the significance of addressing the issue of financial illiteracy, which seems to be a systemic problem affecting not only individual families but also the broader educational systems. The speaker's personal experience of being unaware of the concept of interest when she opened her first credit card at 18 years old highlights the severity of this issue. Financial literacy is a crucial life skill that should be taught to young adults to help them make informed decisions about their finances. This includes understanding concepts like interest rates, budgeting, savings, investments, and credit scores. By equipping them with this knowledge, they can avoi...