Should financial education be made compulsory in schools – Financial education should be a mandatory component of the school education. To what extent do you agree or disagree with this statement?
Should financial education be made compulsory in schools
It is rightly said that money makes the mare go. It is also true that a golden key can open any door in the modern world. One can undoubtedly say that proper money management is an important factor to achieve success in life.
Starting financial education at an early age has its own benefits. Firstly, children will learn to spend their money more wisely in their future when they start earning. The earlier they start getting knowledge about financial transactions, the better they become in it. Also, this will help create a sense of responsibility in their life.
Most often, it is heard from people that they learn important lessons in their life when things go wrong and most of the time, such failures happen because of lack of experience. Many such failures are evitable if there is proper financial education.
Yet another advantage is that this practice will give birth to good economists who can promote the economic growth of any country. It is an accepted fact that wise economic investment is only possible for an experienced investor. Such an education will undoubtedly give them this insight.
In total, it can be said that adding financial education as a necessary part of the curriculum is a vital step in ensuring the economic stability of any nation.