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

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IELTS Writing Task 2 Topic: Should schools teach financial literacy?

Model Answer:
In today's world, where financial knowledge plays a crucial role in making informed decisions, it is essential to consider whether schools should incorporate financial literacy into their curriculum. While some argue that this responsibility lies with parents and families, others contend that schools have a significant role in shaping the future of students. In this essay, I will discuss both perspectives before concluding which one holds more weight.

On one hand, it is argued that financial literacy should not be the sole responsibility of schools. Critics claim that parents and families hold the primary responsibility for teaching children about money management. They assert that parents are in a better position to provide personalized guidance based on their children's individual needs and aspirations. Furthermore, parents can instill values such as thriftiness, generosity, and the importance of saving for future goals from an early age, laying a strong foundation for financial literacy.

On the other hand, proponents of incorporating financial literacy into school curricula argue that it is essential for students to learn about money management at an early age. They contend that schools have a responsibility to equip students with the necessary skills to navigate the complex world of personal finance. In addition, they assert that financial education should be treated as an essential life skill, similar to reading, writing, and mathematics. By learning about budgeting, investing, and understanding interest rates at an early age, students can make informed decisions throughout their lives, reducing financial stress and improving overall well-being.

In conclusion, while both perspectives have merit, it is essential for schools to play a role in teaching financial literacy to their students. Although parents and families have a significant responsibility in shaping a child's values and understanding of money, the complexities of modern finance require a comprehensive approach. By incorporating financial education into school curricula, students will be better prepared to make informed decisions about personal finance throughout their lives.

Score:
- Task Response: 9
- Coherence & Cohesion: 8
- Lexical Resource: 7.5
- Grammatical Range & Accuracy: 8.5

Total score: 33/40

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