Financial education should be a mandatory component of the school program. To what extent do you agree or disagree with this statement?
There is a lobby that believes the incorporation of financial education in the school curriculum would be of great afford for the students. This essay will justify the rationale behind this proposal and discuss that of others.
Many have hailed the idea of integrating financial education as a part of the school program. This can be attributed to numerous reasons. It would help the students to comprehend the significance of money by learning procedures to spend their funds wisely/judiciously in life later on. As this knowledge today cannot be disseminated by parents due to their overwhelming indulgence in the professional realms, the onus thus falls on the formal tuition who must don the mantle of letting the youngsters grow as well-informed adults.
Furthermore, schools with their well-planned courseware, trained and experienced faculty and conducive environment can ensure appropriate imparting of knowhow managing money. The knowledge delivered at schools is often not questioned but quietly embraced. but, in the process, the pupils will learn the strategies for the proper management of their earnings during their professional tenure by virtue of which they could enjoy a rich profusion of benefits in their twilight years, when people are vulnerable to several health issues since they would possess sufficient funds at their disposal to sustain their requirements.
However, some outrightly reject this proposal. As per their experience, despite optimism being expressed by supporters, little ones are likely to become money-minded and materialic too soon. This learning could affect their behavior too and make them value everything in financial terms. Moreover, the addition of such subjects would escalate their academic burden by posing immense pressure on the growing minds since they are already surrounded by a plethora of other more crucial disciplines.
To reiterate, I strongly believe that addition of financial knowhow in the education would enable the pupils to learn money management which will turn them responsible when they grow into adults.
