Schools should educate young people on how to manage their finances responsibly.

educate 是动词，由前缀 e-（表示"向外"）和词根 duc（引导）加上动词后缀 -ate 组成，字面意思是"引导出来"，引申为"教育、培养"。educate 在这里指"通过教学和指导来培养某种能力或知识"。