Students leave high school without learning how to manage their money. What are the reasons and solutions for this issue?

There is a common problem amongst high school graduates these days where students are leaving seminary without any knowledge or

skills

in personal money management.

This

essay will outline a number of reasons for

this

trend and a total of possible solutions to help tackle the issue. High faculty graduates’ lack of property administration

skills

is attributed to various factors. One main cause of

this

issue is that the majority of high institution recruitment live with their

parents

and are completely financially dependent upon them. Most students do not need to work to earn wealth

while

at the high institute, as their

parents

pay for all their needs, and

therefore

do not gain any understanding of the realities of earning and saving a salary.

Furthermore

, the only wage that recruitment receive is from their

parents

and

this

is typically in the form of pocket money, which is given with the intent of it being spent.

Therefore

, young people only really learn how to spend money, and not how to earn, save or manage it wisely. There are a number of viable solutions to help tackle

this

problem.

To begin

with, basic payment management

skills

could be included as a compulsory subject for recruitment in their high hall years, which would help equip them with the knowledge and

skills

to manage their own personal finances when they leave university, move out of home and enter employment.

In addition

,

parents

need to take responsibility to make sure that their children are adequately educated in

such

matters to ensure their children maintain a successful and independent financial situation after graduating and leaving home. In conclusion,

although

capital management is a complication for a lot of academy leavers, there is a statistic of viable solutions to counteract

this

dilemma.