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

.