I'm a generation behind you (I'm 29), but even when I graduated HS the curriculum had been trimmed down drastically. There were approximately two shop classes, three AP classes, and the rest was only the basic core stuff - a single foreign language (Spanish), biology, algebra, trig, geometry, typing/basic CIS, and a smattering of other subjects.
No psychology, no philosophy, no non-latin foreign languages, no math beyond pre-calculus (which was what we had labeled as AP Calculus), and even chemistry was missing from the curriculum. Granted, it's a school in a poor rural area, but there are a lot of poor rural areas in the US.
Words can't express how far behind I felt when I finally hit university, despite graduating at the top of my class in HS with the most difficult curriculum I was able to piece together from the meager offerings.
Education is heavily touted during election season, but unfortunately it's the first thing sent to the chopping block when budgets are tight.