For too long education in the western world has been formulaic, setting a standard that each student has to meet, rather than tailoring the education to meet the needs and abilities of the student. That has changed somewhat, and we may at last be entering an era where each student gets the education he or she desires and needs.
Some things are basic, and everyone needs to know them. But I agree that the largest percentage of adults need no math beyond that necessary to handle their finances in a decent manner. Andy yet, there is also something to be said for exploring math a little, because it does open up new ways of seeing and understanding things, and gives us a wider view of the world. So higher math should be an elective course, and for those that find it is not for them, without affect on the GPA should it be abandoned. Some of the competitive aspects of education need to be traded away for more realistic and long-term (and productive) goals.
Eventually we may arrive at educating the individual instead of just the group. Then we'll actually have something!