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

In the modern day, there is a significant rise in school leavers. These students are stopping their education without learning the consequences, to be specific, managing their financial situation. There are various reasons behind

this

.

This

essay will discuss the cause and proposed solutions to

this

issue. One of the main reasons for

this

matter is that schools do not teach

children

financial subjects.

While

other curriculums are important, it is vital that

children

need to learn how to handle money and why it is important to have it under control. In Australia, young people are allowed to work casual jobs at the age of 15. These youngsters have exposure to real-world jobs and earn bare minimum wages. Without proper guidance, some of them might think that they can earn money easily and spend more than they could afford.

This

leads to

further

loan burdens in the future, and it could take them years to pay back. The ideal solution to

this

is adding an extra subject to teach

children

about managing money. It can be taught in a way

that is

children

-friendly, so they are educated on monies, and how to treat it as a tool, rather than a goal.

Additionally

, parents are recommended to teach their

children

when they are young, so they can have a basic concept of individual finance.

Finally

, students should always be encouraged to continue with their studies, as they can reach higher salary expectations if they have the right knowledge.

To conclude

, schools and society need to work hand-in-hand to reduce

this

issue. Knowing the root cause and finding the right solutions will help the younger generation deal with personal finances appropriately.