Essay Title: Should financial education be mandatory in the school?
Keywords or Topics: school subject
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Question: Should financial education be mandatory in the school?
Answer 1
It is obvious that financial aspects are a significant part of daily life as an adult and even as a young individual. Every one of us has to make financial decisions concerning recreation, health, education, and more. The question is whether to start with financial education as part of a school program or to postpone it for a later stage in life.
To begin with, understanding the value of money, the way the economic system works, and interpreting financial news and its implications is a virtue. Without this virtue, an individual, even a young one, might suffer to some extent. For example, a child who doesn't understand the concept of money might find it more challenging to accept choosing only one present out of more possible ones.
In addition, many adults lack the capability of financial analysis. The reason can often be the lack of sound foundations or insecurity regarding financial terms and concepts. Starting from an early age, building a solid background can very likely ...
We argue that financial education should be a mandatory component of the school program because of the financial aspects of our lives. Some strongly support this statement, while others think it is unnecessary. To a certain extent, I believe monetary education is crucial and should be implemented in the school curriculum; however, the other side is equally considerable.
To begin with, many believe that implementing monetary education in school programs will disadvantage many students because it might not be their suitable age to understand business education. Moreover, they argue that children should be taught primary education in their school days, which is essential to understanding the general environment. Understanding commerce is complex, thus should be promoted only after finishing school levels, they say.
On the other hand, the same education could have many advantages if taught during school days. As it is undeniable that money plays a vital role in today's modernized ...
Learning how to manage money as an adult is essential, a skill many lack. That is because not enough focus is diverted to financial education in schools. I strongly agree that finances should be a mandatory course in the school curriculum as it enables students to be financially knowledgeable and independent from a young age and helps the economy through jobs.
While growing up, children do not learn about tax, investment, banking, savings, or the payment of bills. Consequently, after graduating high school, they reflect on their struggles to cope with university tuition fees and other expenses. Many people acknowledge the lack of financial education in schools. For example, people complain about how they are taught algebra and complex equations while clueless about taxes.
A country's economy also expands as money-managing skills are taught to students. Often, teenagers prefer a part-time job while studying as it makes them independent from their parents. So, if these ...