In this hectic pace of life, high school graduates in most countries are not capable of how spending their money thoughtfully.
On the one hand, in the vast majority of countries, in most cases, schools and colleges provide children with their needs such as food supply, clothing and housing. Consequently, they do not have to pay for such things on their own and it may lead to lack of financial literacy in high students. Furthermore, in most respects, parents have a tendency to make a decision for their children themselves in terms of financial situation. In addition, there are small number of parents and schools which teach young people how to manage their money fruitfully. As a result, it has a significant and detrimental contribution to students’ financial skills.
On the other hand, most schools ought to hold classes associated with finance in order to facilitate children’s attitudes to money. At the same time, parents also play a vital role in improving children’s financial literacy. They should let their children to make decisions that are related to money on their own without any help. As a consequence, if both parents and schools undertake such responsibilities, there will be a high probability to enhance high school graduates’ level of knowledge based on money.
By way of conclusion, in many places, the majority of students who have graduated high school have a lack of knowledge in how to manage their money. This illiteracy was arisen from ignorance of parents and teachers as well. As a solution, there should be a considerable effort by both sides in order to prevent the illiteracy in young people.