Nowadays young people lack an understanding of how to manage their finances after they finish high school. Explain why they do not know how to manage money and how this can be changed
Today, it is often observed that the younger generation has no clear idea of managing their finances right after secondary education completion. There are specific reasons for escalating this trend and the various imperative implications should be applied to curb it.
The principal reason for this issue is the lack of any financial responsibility of youth, mainly because of parental presence, who are providing their financial support. As a result, the youth generation is likely to be skipped this vital step in their school life, leading them to remain unaware of core financial skills such as saving, investing, basic banking, and so on. The second most important reason behind this is the absence of introductory financial courses such as opening a bank account or managing self-finance in the school curriculum. Because of that, the student will have little chance to learn such essential qualities from school and apply them in the next phase of adult life, where those skills have tremendous practical usage. An empirical study conducted in China reflected the same notion. The survey shows that only 16 % of schools have introductory financial courses in their syllabus.
When dealing with the first reason, an effective way to work it out would be to initiate a fundamental understanding of financial matters from home. What I mean is that youngsters should be taught those basic skills, including managing, investing, and updating finance, from their parents. This will make them familiar with money matters, the most important fundamental task of adult life. In reaction to the second reason is introducing a preparatory course on finance and banking management in the school syllabus, where the student will learn that basic knowledge officially, allowing them to understand the actual value of money that it needs to be earned and managing it is vital. In Poland, the foundation course on financial management must be known by every student in school.
In conclusion, knowing how to manage financial matters is truly important for young people where parents and school can play a pivotal role in helping them to understand the meaning of it and how to work it properly.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2022-12-11 | ashik031123 | 78 | view |
| 2020-02-17 | saipriyanka | 73 | view |
| 2018-06-21 | johnmathewg | 83 | view |
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Grammar and spelling errors:
Line 3, column 719, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
... vital. In Poland, the foundation course on financial management must be known by...
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Line 3, column 761, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...on financial management must be known by every student in school. In conclusi...
^^
Line 5, column 1, Rule ID: ENGLISH_WORD_REPEAT_BEGINNING_RULE
Message: Three successive sentences begin with the same word. Reword the sentence or use a thesaurus to find a synonym.
... known by every student in school. In conclusion, knowing how to manage finan...
^^
Transition Words or Phrases used:
first, if, second, so, i mean, in conclusion, such as, as a result
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 16.0 13.1623246493 122% => OK
Auxiliary verbs: 8.0 7.85571142285 102% => OK
Conjunction : 9.0 10.4138276553 86% => OK
Relative clauses : 11.0 7.30460921844 151% => OK
Pronoun: 31.0 24.0651302605 129% => Less pronouns wanted
Preposition: 48.0 41.998997996 114% => OK
Nominalization: 13.0 8.3376753507 156% => OK
Performance on vocabulary words:
No of characters: 1839.0 1615.20841683 114% => OK
No of words: 353.0 315.596192385 112% => OK
Chars per words: 5.20963172805 5.12529762239 102% => OK
Fourth root words length: 4.33454660006 4.20363070211 103% => OK
Word Length SD: 2.75104842196 2.80592935109 98% => OK
Unique words: 198.0 176.041082164 112% => OK
Unique words percentage: 0.560906515581 0.561755894193 100% => OK
syllable_count: 563.4 506.74238477 111% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 2.0 5.43587174349 37% => OK
Article: 9.0 2.52805611222 356% => Less articles wanted as sentence beginning.
Subordination: 3.0 2.10420841683 143% => OK
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 5.0 4.76152304609 105% => OK
Performance on sentences:
How many sentences: 14.0 16.0721442886 87% => OK
Sentence length: 25.0 20.2975951904 123% => The Avg. Sentence Length is relatively long.
Sentence length SD: 58.2218224744 49.4020404114 118% => OK
Chars per sentence: 131.357142857 106.682146367 123% => OK
Words per sentence: 25.2142857143 20.7667163134 121% => OK
Discourse Markers: 4.71428571429 7.06120827912 67% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 3.0 5.01903807615 60% => OK
Sentences with positive sentiment : 9.0 8.67935871743 104% => OK
Sentences with negative sentiment : 0.0 3.9879759519 0% => More negative sentences wanted.
Sentences with neutral sentiment: 5.0 3.4128256513 147% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.253853374961 0.244688304435 104% => OK
Sentence topic coherence: 0.084735868243 0.084324248473 100% => OK
Sentence topic coherence SD: 0.0665770041615 0.0667982634062 100% => OK
Paragraph topic coherence: 0.170533594161 0.151304729494 113% => OK
Paragraph topic coherence SD: 0.0697175459192 0.056905535591 123% => OK
Essay readability:
automated_readability_index: 15.7 13.0946893788 120% => OK
flesch_reading_ease: 46.1 50.2224549098 92% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 13.0 11.3001002004 115% => OK
coleman_liau_index: 13.23 12.4159519038 107% => OK
dale_chall_readability_score: 9.08 8.58950901804 106% => OK
difficult_words: 94.0 78.4519038076 120% => OK
linsear_write_formula: 14.5 9.78957915832 148% => OK
gunning_fog: 12.0 10.1190380762 119% => OK
text_standard: 13.0 10.7795591182 121% => OK
What are above readability scores?
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Rates: 78.6516853933 out of 100
Scores by essay e-grader: 7.0 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.