I don't know if Home Ec would actually cure America's financial woes, but it does provide you with basic skills. These are not necessarily marketable skills, but more self-sufficient skills. They also build your confidence that you can "take care of yourself" and run an efficient household. I took both home ec and industrial arts, so I learned how to balance a checkbook, budget, cook, sew, build wood shelves, draft various 3-D objects, and forge a screwdriver and hammer, as well as pop-rivet some bookends! I loved my industrial arts classes.