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Education in financial management should be mandatory component of the school program. To what extent do you agree or disagree with this statement, give reason and relevant example.

#education #management #component #school #program #reason
More and more adults nowadays are heavily indebted.
Thus
, it is considered by some that school should educate their students about the management of money. In my opinion,
people
 should not leave school with sound knowledge of
this
 fundamental skill.
To begin
 with, a country's economic health strongly depends on the purchasing capacity of its inhabitants.
That is
 the reason for the development of various credit organizations, which serve as
a
Correct article usage
apply
show examples
leverage for
people
 to spend money.
However
, not everyone has the ability to pay back due to the lack of budget measurement skills, who are mostly young individuals. These days we can witness a lot of
people
 who must resign for personal bankrupt, which mean that they totally run out of capacity to pay for their debts. Spending is a crucial fundamental skill in daily life,
however
, it is rarely mentioned when
people
 are still in school,
people
 often get used to it through life experiences as they grew up. So that to help young
people
 avoid
this
 financial trap, schools should add
this
 subject to their compulsory curriculums.
Besides
, the consequence of an individual's debt on only affects its owner, but
also
 the entire economic system. When there are too many debts that could not be paid, banks will soon be full of bad credits, so that they have to raise the lending rates, which will harm the nation's business progress, gradually leading to economic recession. To sum up, I strongly agree that children should be trained with abilities regarding money controlling. The entire country will be benefited if its citizens all have profound knowledge of
this
 problem.
Submitted by pphuongkhanh96 on

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    • Sentence 3 - Thesis
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