Portfolio Topic: Write an Argumentative Text Portfolio about one change that would improve the education of 14- to 18-year-olds. Make a case for one major change that educators should make to what is taught or how something is taught (or an alternate topic as assigned by your teacher).

Question

Revising and Editing Checklists: Make sure you have used the Revising Checklist and Editing Checklist to strengthen your writing.
Rubric: Use the Writing Argumentative Text Portfolio Rubric to make sure you are meeting all the goals of the portfolio.
CheckMyWork: Remember to submit your own work. You can use CheckMyWork to make sure your work is original.

Answer 1

Argumentative Text Portfolio: The Case for Implementing Financial Literacy Education in High School Curriculum

Introduction

In today’s increasingly complex financial landscape, it is imperative that educators equip students with the knowledge and skills necessary to navigate their financial futures. For 14- to 18-year-olds, the transition from childhood to adulthood often comes paired with newfound financial responsibilities, making financial literacy education a vital addition to the curriculum. Implementing a mandatory financial literacy program in high schools would significantly improve students' ability to manage their finances, understand economic principles, and make informed financial decisions. Therefore, adopting a financial literacy education program is not just beneficial; it is essential for preparing young individuals for life beyond the classroom.

The Need for Financial Literacy Education

Many high school students are ill-prepared to handle basic financial tasks such as budgeting, saving, and understanding credit. According to a 2020 survey conducted by the National Endowment for Financial Education, only 17% of high school students reported feeling confident in their ability to manage their finances. This lack of confidence often translates into poor decision-making, leading to significant long-term consequences such as debt accumulation, financial instability, and missed savings opportunities.

As students approach adulthood, they face critical financial decisions such as managing student loans, using credit cards responsibly, and understanding the implications of their financial choices. Without a proper foundation in financial literacy, these young adults may struggle to make informed decisions, leading to a cycle of financial mismanagement that can last a lifetime. By teaching financial literacy in high school, educators can help students build a solid understanding of essential financial concepts, empowering them to make informed choices as they transition into adulthood.

The Benefits of Financial Literacy Education

Incorporating financial literacy into the high school curriculum offers numerous benefits. Firstly, it prepares students for real-world financial responsibilities. A curriculum that covers topics such as budgeting, saving, investments, and credit management equips students with practical skills that they can apply immediately. For instance, subjects like how to create a budget can help students manage their limited income from part-time jobs or allowances, fostering a sense of responsibility and independence.

Secondly, financial literacy education can positively impact students' future earning potential. A study conducted by the Financial Literacy and Education Commission found that individuals who had received financial education were more likely to save for retirement, invest in financial markets, and make informed purchasing decisions. By establishing good habits early, students can set themselves on a path toward financial stability and security.

Finally, financial literacy education promotes overall economic well-being. When individuals are empowered with knowledge about personal finance, they are better equipped to thrive in a complex economy. Financially literate individuals contribute to economic stability by making informed decisions, which can lead to reduced reliance on government assistance and lower rates of bankruptcy and debt.

Addressing Potential Counterarguments

Opponents may argue that adding financial literacy education to the curriculum could take time away from other subjects or that it is the responsibility of parents to teach their children about finances. While it is true that balancing the curriculum is a concern, the reality is that many schools are already struggling to incorporate essential life skills into their educational offerings. Financial literacy is a fundamental skill that transcends traditional academic subjects; thus, it should be prioritized to ensure holistic education.

Furthermore, not all parents feel confident in their ability to impart financial knowledge to their children. Many adults themselves lack financial literacy, which exacerbates the problem of economic illiteracy across generations. By implementing financial education in schools, we create a level playing field, ensuring that all students, regardless of their background, receive the tools they need to succeed financially.

Conclusion

In conclusion, the addition of financial literacy education to high school curricula is a necessary and beneficial change that would enhance the education of 14- to 18-year-olds. By providing students with practical skills, increasing their confidence in financial matters, and promoting overall economic well-being, we can ensure that they are well-prepared for the complexities of adulthood. It is time for educators, policymakers, and stakeholders to prioritize financial literacy so that future generations can thrive in our increasingly financialized society. Implementing this change will not only empower students but also contribute to a more financially savvy and sustainable society.