Most Americans are financially illiterate—and the U.S. is doing a disservice to 18-year-olds by letting them sign up for $100,000 in college loans, experts say

Man uses a calculator to count bills in his left hand. (Credit: Getty Images)

Finance guru Dave Ramsey—who filed for bankruptcy at age 26—is the face of personal finance to over seven million students in high schools across the country. That’s due, in part, to the 26 states that now require financial-literacy coursework to graduate high school.

With schools already struggling to fill teacher vacancies, the responsibility to teach personal finance often falls to not-so-financially literate history teachers, or P.E. instructors, who end up showing a semester's worth of videos from experts like Ramsey.