Today’s schools should teach their students how to survive financially in the world today. To what extent do you agree or disagree with this statement?

In today's ever-changing environment learning centers should educate scholars to survive financially. I completely agree with
this
statement as financial knowledge helps an individual to get a better lifestyle. As it aids in taking effective decisions during economic instabilities and helps to reduce anxiety.
Firstly
, financial literacy helps to tackle when there is economic instability in the country which either hikes the inflation rate or plunges economic growth.
For instance
, recent studies showed that inflation in the United States of America in 2021 is at its highest level.
Although
the governments stabilize the economy with their monetary policies;
however
, it is the optimal management of finances which helps to survive in the meantime.
Therefore
, financial management to youngsters should be taught in
schools
.
Secondly
, managing finances helps an individual to reduce the stress over their debts.
For example
, a study by Federal Reserve showed, Nowadays youngsters tend to spend a lot on their credit cards decreasing their income-to-debt ratio. By Reducing debt a person not only saves money but
also
reduces stress.
Thus
,
schools
should teach effective management of finance to young children.
To conclude
, the basis for taking financial decisions should be learned at
schools
. In my opinion, a smooth life can be achieved by getting an education in managing finance. A course involving the use of financial resources should be designed and introduced as a mandatory subject in
schools
.
Submitted by harshbhardwaj155 on

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