Teenagers should receive lessons on principles of personal finance such as investing and debt To what extent do you agree with this statement

Recently, the phenomenon of studying financial courses in schools and their corresponding impact has sparked a heated debate. Although contested by many that the matter of financial knowledge is highly beneficial, such issue is regarded thoroughly both constructive and positive by a substantial number of individuals. I am inclined to believe that understanding the concept of budgeting can be a plus, and I will analyze that throughout this essay. From a social standpoint, learning money management skills by youngs can provide society with some noticeable effects which are rooted in the fact that the merits of saving money, as well as managing credit cards and debts, are inextricably bound up. According to my own experience, when I was a university student, I performed an academic experiment that discovered budgeting teaches awareness to students. Thus, beneficial ramifications of both making financial decisions and learning the way of saving money apparently can be seen. Within the realm of economics, a lack of education about financial problems might increase the consequences of unsecured life. Moreover, the fundamental aspects of an unhealthy lifestyle could relate to this reality that the demerits of depression and mental illnesses pertain to the stress of financial issues. As a tangible example, some scientific research undertaken by Harvard University has asserted 40% of American households have credit card debt. Hence, it is correct to presume the preconceived notion of nurturing an aware generation. To conclude, while there are several compelling arguments, I profoundly believe that the benefits of teaching money management skills to teenagers far outweigh its drawbacks. Not only do the advantages of responsible adolescents prove the significance of boosting the level of financial information, but also pinpoint the healthy life implications.