Some people think that secondary or high school student should be taught how to use money management as a it is an important lifeskill. Do you agree or disagree with the statement?

It is stated middle schools and colleges should involve financial literacy education in their curriculum. I find myself in agreement with
this
statement for some reasons. The
first
merit is
that
Suggestion
That
it helps juveniles to spend their allowance properly and effectively.
For instance
, students who are exposed to it at an earlier age may grasp the value of cash;
hence
, voluntarily reduce their useless expenses and unnecessary spending.
Moreover
, parents will no longer suffer from their children's excessive demands since they understand the value of money. Another striking benefit is that the ability to handle cash is of paramount importance in employment in today’s world. And money management will help children achieve financial stability.
In other words
, that includes the knowledge of making appropriate decisions about personal finance,
such
as investing, insurance, real estate, paying for college, budgeting, retirement, and tax planning.
Therefore
, whoever can acquire
this
life skill may stand a better chance of landing a lucrative job.
Last
but not least, financial illiteracy contributes to people making poor decisions which lead to owing large amounts of debt or financial crisis. Specifically, if
young
Suggestion
younger
aged students do not learn to use their wealth wisely, it may possibly create an arduous condition in the future that results in them going into liquidation.
Furthermore
, based on the research data from the Financial Industry Regulatory Authority, 66% of Americans are financially illiterate. They lack the basic skills to reconcile their bank accounts, pay their bills on time, pay off debt, and plan for the future.
Thus
, keep your mind focusing on financial planning to save money and form a gigantic fortune. In conclusion, the merits of the topic are quite obvious as analysed.
Submitted by lephuonglinh2302 on

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Topic Vocabulary:
  • secondary or high school students
  • money management
  • life skill
  • financial stability
  • personal finance
  • responsible spending habits
  • debt
  • saving
  • budgeting
  • investing
  • financial literacy
  • financially independent
  • smart financial choices
  • value of money
  • prioritize
  • reduce stress and anxieties
  • real-life financial situations
  • financial goal setting
  • quality of life
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