Answer:
The author's point of view about the role of parents in financial education is paramount, believing that it is the parent's responsibility to teach their children the basics of financial management from a young age. Parents serve as role models and guides, instilling the importance of budgeting, saving, and understanding the value of money. The author contends that through hands-on experience and practical lessons, children can develop healthy financial habits that will carry them into adulthood. Furthermore, by discussing their own financial successes and failures openly, parents can help their children become better prepared for real-world financial challenges. In summary, the author strongly promotes parents playing an active role in teaching their children about money matters and being involved in their financial education journey.
On the other hand, the author takes a proactive stance on integrating financial education into the broader academic curriculum at schools. They argue that schools should offer appropriate courses or activities to supplement parents' efforts in teaching kids about different aspects of finance such as banking, investing, and debt management. Recognizing that not all parents may have expertise in these fields or may lack access to resources necessary for effective learning, schools ought to step up to fill these gaps. The author envisions students building strong foundations in money management principles while also learning how to adapt these principles to economic changes throughout their lives. Ultimately, the author believes both parents and formal education systems must work together for raising financially literate individuals.
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