Financial Literacy Should Be Required in School by Jimmy

Financial Literacy Should Be Required in School by Jimmy - June 2025 Scholarship Essay

One elective that should be required class in all schools is financial literacy. Many student graduate without knowing how to manage money, budget, or understand credit, which are all essential life skills. Instead of waiting until adulthood to learn by trail and error, students should be taught these lessons early on in a structured environment. A financial literacy class would cover topics like saving, investing, taxes, loans and budgeting. These are things that impact every adult, regardless of career path. By making this course required, students would leave high school with the tools to avoid debt, build savings, and make in life and even help break generational cycles of poverty, In a world where financial scams, students loans, and inflation are common challenges, teaching financial literacy isn't just helpful it's necessary. Schools have a duty to prepare students for real life, and money management is big part of that. Making financial literacy a required class is a step toward building a more capable and confident generation. Furthermore, understanding personal finances fosters independence and responsibility among students. By acquiring financial literacy skills, they learn to budget, save, and invest, which empowers them to set specific, achievable goals for their future. This knowledge is crucial whether they decide to pursue higher education, enter the workforce directly, or embark on entrepreneurial ventures. By making informed financial decisions, students are better prepared to navigate the challenges of adulthood and secure their financial well-being.