One law I would really like to see introduced is the requirement of all high school students to take the mandatory financial literacy courses before graduation. Many young teenagers leave school now in more advanced academic concepts but having little idea how to manage money. I first became a veer of this issue a few years ago when I started learning about entrepreneurship and personal finance and I explore different topics such as budgeting, investing, taxes and debt management and I realize that how teenagers are unprepared for adulthood. This issue is surprisingly common in today’s interconnected world especially in my country because no one even taught them these skills and with this financial education students would learn practical skills such as creating a budget, building an emergency front and measuring some financial risks. And one of the biggest advantages of this proposal is that it could help level playing fields. Students who come to advantage big rounds would gain access to knowledge, which could also help them to determine long-term success. Moreover, such legislation could prevent many people from falling into financial traps later in life. That’s why I believe this law could help them for reaching impact could affect on the society.
Band 7+: Describe a new law you would like to introduce in your country.
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One law I would really like to see introduced is the requirement for all high school students to take mandatory financial literacy courses before graduation. Many young teenagers leave school with advanced academic knowledge but have little idea how to manage money. I first became aware of this issue a few years ago when I started learning about entrepreneurship and personal finance. I explored different topics such as budgeting, investing, taxes, and debt management, and I realized how unprepared teenagers are for adulthood. This issue is surprisingly common in today's interconnected world, especially in my country, because no one teaches them these skills. With financial education, students would learn practical skills such as creating a budget, building an emergency fund, and assessing financial risks. One of the biggest advantages of this proposal is that it could help level the playing field. Students who come from disadvantaged backgrounds would gain access to knowledge, which could also help them achieve long-term success. Moreover, such legislation could prevent many people from falling into financial traps later in life. That's why I believe this law could have a significant impact on society.
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Speaking Time: 75 seconds