Understanding the concept of a credit score doesn't make someone perfect, but it probably does make them more mature.
But
understanding -- especially for young adults -- doesn't always equate to making better decisions.
For example, it's a rare teenaged girl who
doesn't know how babies are made, but how many times have you heard the "I didn't think it would happen to me" line?
And to stick to your credit score example, my father was a CPA, a math whiz. He made his living keeping other people's finances straight. He was horrible with his own personal finance and spent impulsively. It was one of the things that led to my parents' divorce.
But knowing the parents will save them is a huge factor too. If they know they are on their own with decisions, it is way different than knowing that they aren't 100% accountable, i.e., oh, I'm late for my rent/cell phone bill/credit card bill, but if I borrow from mom/dad/whoever, I'll be ok.
I think a happy medium would be providing a parental safety net for the unavoidable, while refusing to help with things that stem from irresponsible behavior.
For example, I'd say that a college student who goes hog-wild with a first credit card should have to pay it off herself. She made the mess, she should figure out how to clean it up. If her parents save her, what's going to stop her from repeating the mistake? If necessary, I'd let her come home to live, but I wouldn't pay off the bills.
On the other hand, I'd always help if my adult child were to become ill, or if she lost her husband, or if some other tragedy occured. In some horrible situations, there are no lessons to be learned -- just the messes to clean up, and I'd never turn my girls away in those circumstances, and I would be quicker to offer money as well as a place to live.
And, btw, I want dd to have all the nice things she want too but like most of the women in our family, my hope is that she will be able to provide them herself. Nothing wrong with both a husband and wife being successful but shouldn't be a prerequisite for a relationship.
I disagree somewhat -- the husband and wife need to be on the same page concerning careers and finances. If one's career-driven and has big financial goals, while the other is quite satisfied with just getting by, even carrying debt . . . well, if they're not in agreement, then there's going to be friction in the marriage. Don't turn that into an extreme statement like, "I insist that they find men with trust funds" or, "If he can't buy a beach house by the time they're 35, he's not good enough." What I'm saying is that I want them to find men with good work ethics, who've cared enough about themselves to become qualified for jobs that'll allow them to support their families.
And when my girls are older, when it becomes apparent that they're getting serious with someone, I'm going to encourage them to discuss finances at length before they commit themselves. I want them to know what their future husbands think about saving vs. spending, how much of their income they each envision spending on a house, what kind of vacations they see themselves taking, how they think they'll spend on their kids, whether they see themselves as a career couple or one of them being a stay-at-home-parent, their comfort levels with debt. It's very important that they choose someone who's compatible in these things.
I know that my girls are hard workers and are working towards successful things in life, and they wouldn't be happy with a husband who thought differently.