Quote by Jesse Jackson
Many kids come out of college, they have a credit card and a diploma. They don't know how to buy a house or a car or health insurance or life insurance. They do not know basic microeconomics.
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Summary
This quote emphasizes the shortcomings in the practical skills and financial literacy of college graduates. It suggests that despite acquiring a diploma, many of them lack knowledge about important aspects of adult life such as buying a house, car, or insurance. Furthermore, they are implied to be unfamiliar with basic microeconomic principles. The quote implies that academic education should be supplemented with real-world knowledge and practical skills to ensure individuals are adequately prepared for the challenges and responsibilities of adulthood.