Financial Literacy After High School

Financial literacy is defined as the ability to understand how money works in the world.Then after high school ends, it is generally believed that the real world begins. So it would stand to reason that financial literacy should be taught in high school. Money is one of the biggest factors in life, both socially and economically. Money equals life in society; it pays your basic necessities. But also it would help with the many different walks of life, such as entering into the workforce after high school, into the middle adult life, and onto the golden years of retirement.
Financial literacy can be a major foothold into the workforce or college. In many cases, college is extremely expensive and can cost tens of thousands of dollars. With those odds, many people have little to no idea of how to save money up for college. But if financial literacy was taught early in high school, it would help more students be financially prepared for college.

One major thing to start saving for after your work experience begins with opening a 401k or an IRA to save money for retirement. Equally as important is to begin to pay into social security to prepare yourself and your country's future. Also, as a gloomy topic, we see that in life we see that final expense are a major problem with being paid for by family so many people plan for these expenses such as funeral costs and making of a will before their passing away. The opposition believes that social security is a failing system. plus, it should be a responsibility of the children to take care of their parents in their elderly state. The opposition is wrong, the social security system has existed since 1935 and today in 2016 it still has no sign of ending and also life is a delicate and mysterious process that generally the children of the elderly help when needed but many adults themselves will need plenty of help before then can help their