Levels of consumer debt are increasing across the world. To address this, a new subject should be introduced in secondary schools: how to manage personal finances. To what extent do you agree with this statement?

All over the world people are running into

debts

Fix the agreement mistake

debt

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trying to purchase and own as many consumer products as possible and

this

can only be regulated by introducing a new subject at schools where the students learn how to manage their financial funds more properly.

To begin

with, given the growing amount of individual debt around the world, there is no better time to learn about the negative effects of personal debt than at school. Students would be less likely to borrow what they could not afford, and more likely to stay in credit when they reach adulthood.

Next,

I believe that teaching teenagers how to manage their money within the school curriculum would be vital in allowing them to become financially independent, even before the age of 18. They would feel more confident in being able to control their daily or monthly expenditure, and less reliant entirely on their parents for support or 'top-up' money.

On the other hand

, some would argue that teenagers are often too immature to become truly financially responsible, and so the classes would be a waste of teaching time. Others point out that teaching the concept of financial responsibility as a new subject would unfairly favour those students who are good at maths, and even that it would be just another way for them to get the best grades. Despite

this

in my experience, neither of these

last

two points are particularly valid. Most teenagers are keen to become financially independent as soon as they possibly can,

while

even the best mathematicians can experience difficulties with money at some point. In conclusion, financial responsibility should absolutely be taught as a genuine subject at school. Certainly, there are concerns over some students’ level of maturity or mathematical ability, but young people should not be denied the chance to become financially independent. It would help to ensure that current levels of debt are managed better in the future.