To what extent do you agree or disagree with this statement?

In today’s rapidly ever-evolving world, school still offer tradition curriculum. It is undeniable that literature and mathematics are pivotal for our current education; however, students should be also informed correct financial knowledge. In this essay, I agree that schools should impart financial courses and I will provide two compelling reasons.

To begin with, an understanding of financial concepts is significantly important which can have enormous impacts on one’s life. Students should be taught various economical indexes to understand how the market works, such as stock indexes, interest rates or exchange rates. Inexperienced students are susceptible to exaggeration in advertisements or unreliable investment groups when they lack the knowledge to distinguish the truth from falsehood. Moreover, these concepts might lead them have stable cash flow or even early retirement, providing personal financial security and the freedom to pursue their dreams.

On top of that, credit scores are also imperative for those who are eager to purchase a house or car in the future. If students buy stock without enough money, their credit scores would be affected and could have adverse impacts on their interest rates. Investing in real estate often requires a considerable wealth; thus, it is common that individuals to have mortgages to make it affordable. However, banks offer less favorable interest rates, impose higher fees, and provide lower loan amounts to individuals with poor credit scores. Thus, academic institutions should plan a course teaching the correct concepts of debt management.

To conclude, nowadays many students lack correct financial knowledge, which makes them vulnerable to scams and frauds. Debt management is also a crucial issue because the majority of individuals might need to borrow money. With these two reasons, it is essential for schools to offer a well-planned curriculum in the field of finance for students.