Charley I think that would apply whatever you were being taught to cook at school. Not sure my learning to make a Christmas cake was any use to me or anyone else. I can read so can follow a recipe but the basic ways of stretching a budget are rarely in recipe books or online as far as I can see. DH cooks but always needs a recipe whereas I can look at what needs using up and throw something together. Doesn't work with some cakes but no one needs cakes.
Perhaps nutrition could be taught as an academic subject rather than a practical one. It could include how to make cheap food without the students having to actually make it.
I also think from 16 they should be taught how to live outside the parental home as it would appear that many parents don't teach this either. Learn about budgeting, fuel use etc and generally about how much things cost. I don't remember actually teaching my children how to do all this it just evolved and by the age of 12 one of mine would go shopping for me and come back with things I hadn't asked for which were good value or had a yellow sticker. He would also decide that something was cheaper in a different shop to the one I had asked him to go to.
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But yeah I suppose so.