Today's school should teach their students how to survive financially in the world today. To what extent do you agree or disagree?

In present-day society, teaching institutions should focus on creating financial awareness amongst the pupils which will aid them in their survival in terms of wealth in the modern environment. In my view, I completely agree with
this
statement.
Moreover
, not only
this
knowledge will benefit them now, but in their near future as well.
Firstly
, it is said that to be a master at something,skills have to be developed at an early stage.
For instance
, children are enriched with training for hobbies namely, chess and singing from their boyhood.
Similarly
, if students are exposed to education in wealth at young ages, they will carry
this
profiting habit till their adulthood. To give a clear example, an offspring saves coins by dropping them into the piggy bank. The same concept is continued as saving money in the savings bank account.
Secondly
,when schools start teaching about finances,
this
will help the upcoming generation become more financially independent.
In addition
, the value of currencies is increasing and so is inflation.
Hence
, attaining financial education from institutions enables maturity in students when it comes to acquiring wealth. Take,
for example
, when students are taught about different concepts of money, namely, compounding , building capital etc, they build their skills by investing their pocket money by using apps
such
as Groww rather than being
a
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mindless spendthrift. Groww is an app that caters to mutual funds and stocks. In conclusion, I concede that inculcating financial discipline as early as possible is the best way to boost not only one's financial freedom but
also
in a country's overall economy. A much financially aware population is a sure shot way to flourish and prosper economically as a whole.
Submitted by gritteam00 on

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Topic Vocabulary:
  • financial literacy
  • modern economy
  • student debt
  • mitigate
  • practical financial skills
  • budgeting
  • saving
  • investing
  • income inequality
  • psychological benefits
  • financial security
  • traditional education
  • financial independence
  • technology
  • personal finance management
  • global perspective
  • entrepreneurship
  • curriculum
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