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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.
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 rise 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.
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