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.
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.