It is an obvious fact that financial aspects are a major part of 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 the school program or postpones it for a later stage in life.
To being with, being able to understand the value of money, the way the economic system works and interpret financial news and its implications is a virtue. Without this virtue, an individual, and even a young one, might suffer, to some extent. For example, a child who doesn’t understand the concept of money might find it more difficult to accept choosing only one present out of many possible ones.
In addition, many adults are lacking financial analysis capabilities. Quite often, the reason can be a shaky basis or insecurity when it comes to financial terms and concepts. Starting from an early age, building a strong background can very likely prevent such a situation.
However, financial education necessarily involves quantifying and setting prices and value for services and goods. It can easily turn young people into cynical and cold-hearted human beings. Furthermore, a tendency to self-concentration and egoism might rise when one starts measuring everything from a profit making perspective.
In conclusion, financial education has both pros and cons. In my opinion, the advantages are stronger than the disadvantages, making financial education an advisable component of the school program. The disadvantages should be thought of as a certain price that young people have to pay due to the characteristics of the world that we live in.
It is an obvious fact that
financial
aspects are a major part of 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 the school program or postpones it for a later stage in life.
To
being
with, being able to understand the value of money, the way the economic system works and interpret
financial
news and its implications is a virtue. Without this virtue, an individual, and even a
young
one, might suffer, to
some
extent. For
example, a child who doesn’t understand the concept of money might find it more difficult to accept choosing
only
one present out of
many
possible ones.
In addition
,
many
adults are lacking
financial
analysis capabilities. Quite
often
, the reason can be a shaky basis or insecurity when it
comes
to
financial
terms and concepts. Starting from an early age, building a strong background can
very
likely
prevent
such a situation.
However
,
financial
education
necessarily
involves quantifying and setting prices and value for services and
goods
. It can
easily
turn
young
people
into cynical and
cold
-hearted human beings.
Furthermore
, a tendency to self-concentration and egoism might rise when one
starts
measuring everything from a profit making perspective.
In conclusion
,
financial
education
has both pros and cons. In my opinion, the advantages are stronger than the disadvantages, making
financial
education
an advisable component of the school program. The disadvantages should be
thought
of as a certain price that
young
people
have to
pay due to the characteristics of the world that we
live
in.