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 any of us has to make financial decisions concerning recreation, health, schooling and more. The question is whether to start with financial matters as part of the 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 the 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.
However, financial education necessarily involves quantifying and setting prices and value for services and goods. It can easily turn young people into cynical human beings who lack emotion. Furthermore, a tendency to self-concentration and egoism might arise when one start measuring everything from a profit-making perspective.
In conclusion, financial education has both pros and cons. In my opinion, the advantages are more significant 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 the daily life, as an adult and even as a
young
individual. Each and any of us
has to
make
financial
decisions concerning recreation, health, schooling and more. The question is whether to
start
with
financial
matters as part of the 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 the 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.
However
,
financial
education
necessarily
involves quantifying and setting prices and value for services and
goods
. It can
easily
turn
young
people
into cynical human beings who lack emotion.
Furthermore
, a tendency to self-concentration and egoism might arise when one
start
measuring everything from a profit-making perspective.
In conclusion
,
financial
education has both pros and cons. In my opinion, the advantages are more significant 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.