We need to teach our kids mnemonic techniques at an early age.
Memorization is just like reading and writing, in that it is a process that can be developed and mastered with the proper techniques. We're bombarding our children with a plethora of vocabulary words, hundreds of names and dates, and dozens of mathematical formulas and properties that we expect them to remember, yet they have not been taught efficient ways to remember it. Let's fix this horrific inefficiency within the learning process, especially in the US, by teaching our kids effective mnemonic strategies at a young enough age.
Stunningly useful techniques, such as the "method of the loci," were used by the Greeks thousands of years ago, yet were somehow lost to most of the world over time.
For anyone out there who wants to improve their own memory. I highly recommend Joshua Foer's book "Moonwalking with Einstein." After reading it, it only takes me a tenth of the time it once did to study for most of my college exams.