Financial education should be mandatory component of the school program. To what extent do ou agree or disagree with this statement ?
Education
has evolved much since the last
few decades.Currently,more practical and useful aspects are being inculcated,rather than old folklore and other theoretical things like that.I mostly agree,with the idea that financial education
should be made compulsory because it makes them financially wise and prevent them from being spendthrift.While it could also
result in a materialist approach to the personality.
Firstly
,financial wisdom is achieved by studying how the economy works.Usually,the reason for bankruptcy is being unable to manage and predict the economical ups and down.Oppositely,those who understand the system do away with such
conditions.To illustrate,successful businessmen give birth to other successful ones,and the main contributing factor is learning at home in this
case.Thus
,imparting such
components to education
is imperative in giving rise to financially wise human beings.
Secondly
, a lack of knowledge
about the economy is one of the major causes of senseless spending.For instance
,on the one hand,we usually observe business tycoons in their simple t-shirt
and a pair of jeans.Fix the agreement mistake
t-shirts
On the other hand
,our average citizens want to own the most expensive branded clothing,that they could not even afford.The factor here at play is a lack of financial sense.Hence
,economical knowledge
is essential to generate common spending sense in the public.
Contrarily,education
about how money works,
may lead to a generation that values things over humans.It is a common observation that Remove the comma
apply
such
type of knowledge
produces a materialistic approach and people tend to value money more over their relations.For instance
,a big portion of people from the rich population are misers and according to several psychological surveys,indulging in financial knowledge
is the cause.Therefore
, behaviours of loving things more than people,
may be caused due to economical Remove the comma
apply
education
.
To conclude, understanding how the financial system of the world works,may give rise to a materialistic approach.Nonetheless
,I think it should be considered a small price to pay for an economically sound and wise generation.Submitted by saphire8619 on
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