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IELTS Free Online Writing Practice - Question Should schools teach financial literacy?

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Question: "Should schools teach financial literacy?"

Model Answer:
Financial literacy is an essential skill for individuals in today's world. It enables people to make informed decisions about their money, understand the importance of saving and investing, and manage debt responsibly. This topic raises the question of whether schools should incorporate financial education into their curriculums. While some argue that it is important for students to learn these skills early on, others believe that financial literacy should be taught outside of the school environment.

On one hand, teaching financial literacy in schools would provide students with a solid foundation for understanding money management from an early age. This could help to reduce the number of young adults who struggle financially and make unwise decisions regarding their finances. Additionally, it is argued that by incorporating financial education into the curriculum, students would be better equipped to handle their personal finances in adulthood, thereby reducing the likelihood of falling into debt or making poor investment choices.

On the other hand, some argue that schools should focus on teaching subjects such as maths, science, and literature, rather than financial literacy. They contend that schools are already overburdened with various academic subjects, and introducing yet another topic would only serve to dilute the quality of education provided. Furthermore, it is suggested that parents play a significant role in teaching their children about money management, and that this responsibility should not be left entirely to the school system.

In conclusion, while there are valid arguments on both sides of the debate, it can be argued that financial literacy should indeed be taught in schools. By doing so, students would receive essential guidance from a young age, which could ultimately lead to more financially responsible adults. While parents also have a role to play, it is important not to underestimate the impact that schools can have on shaping the minds of the future generations.

Score: Band 9

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