IELTS Essay, topic: Financial education

Financial education should be a mandatory component of the school program. To what extent do you agree or disagree with this statement?

It is an obvious fact that financial aspects are a major part of the daily life, as an adult and even as a young individual. Each and every one of us has to make financial decisions concerning recreation, health, education and more. The question is whether to start with financial education as part of school program or to postpone it for a later stage in life.

To begin with, being able to understand the value of money, the way the economic system works and to interpret financial news and its implications is a virtue. Without this virtue, an individual, even a young one, might suffer to some extent. For an example, a child who doesn’t understand the concept of money might find it more difficult to except choosing only one present out of more possible ones.

In addition, many adults are lacking capability of financial analysis. Quite often, the reason can be the lack of sound foundations or insecurity when it comes to financial terms and concepts. Starting from an early age, building a strong background, can very likely prevent such situation.