The government wants our kids to be clueless. I’m a former broker. My son has just entered the work force. I told him he has to open an IRA and put at least 10% of his gross income into a balanced/growth package of mutual funds. It took an hour for me to explain this to him.
Yes, I certainly included this advice, along with A. Einstein’s admonishment that compound interest is one of the stronger forces in the universe. (Or something like that.)