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Schools Should Be Required to Teach Basic Investing Skills and Finance

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Voting Style: Open Point System: 7 Point
Started: 10/31/2015 Category: Education
Updated: 10 months ago Status: Post Voting Period
Viewed: 320 times Debate No: 81830
Debate Rounds (4)
Comments (5)
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Anyone can accept.

Round one: acceptance
Round two: main arguments (no rebuttals yet)
Round three: rebuttals and additional arguments
Round four: final rebuttals and conclusion (no more additional arguments)


Well, since Round 01 has been just set for acceptance, I would like to accept this debate challenge, being on the Contender's side. My yardstick for this debate is, instead of schools, families should be required to teach basic investing skills & finance. With that, let's get started in this wonderful debate.............
Debate Round No. 1


Alright, let's begin.
It's quite obvious that Americans, no matter adults or children, lack basic knowledge when it comes to investing and finance. According to, in a study, "Barely 1 in 2 people knew that a single stock is not safer than a mutual fund, which holds many stocks." Many American adults, including parents, are clueless when it comes to investing and often do not have good financial skills. This can lead to many people going into debt and not knowing how to manage their money wisely. This can be shown in a report in , which stated that "The proportion of adults spending less dropped to a low this year -- to 29% from the high of 57% in 2009 -- as one in three adults report they carry credit card debt each month. Fifteen percent of people roll over at least $2,500 every month on the credit cards, according to the survey. This habit seems to contradict the result that shows lack of savings is a top financial worry among respondents."

You said that you believed a child's family should teach the child financial and basic investing skills. However, from what we've seen from the average American population today, it seems like a child's family would not even be qualified to teach them finance and investing skills, as the family probably does not have much knowledge on these subjects. This is why we need to instill basic finance and investing in our schools, as these classes would be vital for a child to be able to know how to grow more money from their current money with their investments, be more aware of the financial world, and know how to manage their money. After all, if every citizen in America knew the basics of investing, they could know how to make more money and have financial freedom by making money based off of their investments.


Well, round 02 has been opted for main argumentative speech. I showed my stand in the first round, so no more necessity with that. Let's get started.

My burden of proof on the current position is to show that families should play a more important role rather than schools in tesching these basic real life knowledges. See these in the next section, Constructives.

Debate Round No. 2


Skip this round.


Round 02 Argument Re-compilation


Well, round 02 had been opted for the main argumentative speech. Unfortunately, due to some technical problems, although I presented a noteworthy argument, it was cut down to what it is now. I am extremely sorry for that. And since the contender has let me do this one more time, I am going to present the unfinished arguments of round 02.

My burden of proof on the current position is to show that families should play a more important role rather than schools in teaching these basic real life knowledge. See these in the next section, Constructives. Another thing to be notified is that this debate is not only about the Americans, but you are confining it to that little barrier. Now as your motion suggests, do it that way, that is talking in the world perspective.


01. Further enhanced horizon:

Well, the fact here is that if we want to get a clearer concept of this debated topic, we just cannot be confined to economics only. We also need to expand our thinking horizon to some less supposed important thing like socialization or culture. What is actually a family and what does it usually do? To say in brief, it is the nuclear bondage of all sorts of social and cultural affairs or relationships of a society. This definition itself is saying that there cannot be any better teaching or learning institution rather than family. In your family, you will get some members or relatives who are vastly experienced in this aspect. And more to that, you may also say that there are even more experienced ones in schools or colleges. But you should keep it in your mind that the family members will be inclined to teach you these things more cordially than anybody. And that's the point I want to emphasize. You may go here;.

02. Vastness of domain of a school:

Furthermore, in your school, you are not the only student going to school to have knowledge. There are yet many students. So, your teacher cannot teach you these things with that much patience and attention which your family members could do. And if you think about the densely merged schools, the situation is hilarious. Then and there, family is the only option. So, in this context too, family is the superior one and it should be, no doubt with that.
The number of pupils and schools in England is published as part of the annual statistical first release ‘Schools, pupils and their characteristics’ [ ].

In January 2012, there were 8.2 million pupils attending 24,372 schools in England. The number of teachers in schools in England is published as part of the annual statistical first release ‘School workforce in England’ []. The latest data is for November 2011. In November 2011, there were 438,000 teachers in state-funded schools in England on a full-time equivalent basis. In response to the questions relating to education policy, the structure of the department and school funding. How would you deal with these large number of students and less number of teachers in the schools?;.

03. Pressurous situation in a school:

Come to the next point, load of students in a school. In the schools, we usually go to learn the traditional things and topics like physics, chemistry or biology. Whenever you are dealing with these critical ones in your school, it is absolutely a burden for you as well as your school with those subjects. Because, you know they are practical life related and they should be taught in nowhere but family. If school has to do everything, then where are the duties and responsibilities of your family upon you?

04. Having friend circle- maybe good, maybe bad!!!:

In your school, you have friend circle around you. So, when you are being taught about the process about handling money, some rare ones of those friends may divert you to a path where you are not supposed to go. As a result, instead of having the proper knowledge, you may gain something negative which is not expected whatsoever. In lieu of this, if you deal it with your family, there are your parents and brothers who will never give you something negative like that, even by mistake. This is the ultimate difference between the role of a school and a family.

05. Developing/Underdeveloped countries' contextual matters:

Now, it seems that you are pretty much hopeful with the fact that the schools will always be able to render such knowledge to the students. Now what about the underdeveloping densely populated countries? There are many many regions in those areas where electricity has not even reached, let alone schools, collees or universities. Whenever you or I am thinking about these countries, you have to agree onthe fact that they have to be educated in these sectors by their respective families.

06. Families being inexperienced:

Now, there comes the last frontier, families do not have much knowledge about these subjects. Yeah, I also agree with you. In these cases, school is the only option for the learners to choose. However, the number of these types of families is not too great, In fact, they are the minority. And we should not consider a thing from a minor or exceptional viewpoint, should we? Think about the majority and they have sufficient knowledge on these to render and they can do it quite easily. After all, poor or rich, everybody has little or more basics about economic condition. Hopefully, you have got the fact.

Hopefully, you have got the point why and how this motion should be invalid. With that being said, thanks once again, looking forward to your arguments..................................


Debate Round No. 3


Thank you for your argument.

In your argument, you stated that you believed that families are the better for teaching finance because of how families can families can teach finance in a way that the child can understand and that some family members can be very knowledgeable when it comes to finance and investing. However, both of these arguments are inaccurate or are not complete. If family members were a better source for teaching, then why even have school at all? Why not just have family members teach instead of a school? Family members should not be relied on to teach finance because of these reasons:
1) Not every student has the same type of family. Some students might not have family members that are not home or able to teach them most of the time, and others might have family members that are irresponsible and are not very good at teaching them finance. This is why families should be a supplement to students'. Students learning about finance should learn it in school so that every student can get a good amount of knowledge about finance, no matter what their families are like.
2) It is more likely than not that a student would not have family members easily available that do not have a good amount of knowledge on finance and investing. noted that " In a Retirement Income Literacy Survey conducted for The American College of Financial Services last year, 80 percent of the respondents received scores of 60 or lower on financial questions about retirement. Just 20 percent received what amounted to a passing grade." has also shown that many Americans do not have a good amount of knowledge on financial topics. While some countries may have a population with more financial literacy, many other countries don't, so schools should teach finance and investing so that all students, no matter how much their families know about finance, can get a vital amount of financial knowledge.

Teaching financial literacy in schools would be even more vital for undeveloped countries, as the students there would probably have poor families with even less knowledge about financial topics like investing. Families in underdeveloped countries usually do not have a high amount of education, so schools should be relied on more to teach financial literacy, as they might be a student's only source for learning about finance and investing.

While school might add a lot of pressure to students, schools are still here to teach and help educate children, so school would be a good source for teaching financial literacy. Once again, if schools weren't that great at teaching, then why have them at all? Why? Because schools can still be a good source of learning, and if every student learns about finance and investing, then a student's group of friends will be less likely to be financially irresponsible, which would lessen the amount of negative peer pressure around the child. Overall, schools should teach finance and investing skills.


Sadat_Hossain forfeited this round.
Debate Round No. 4
5 comments have been posted on this debate. Showing 1 through 5 records.
Posted by epicray1 11 months ago
You may now post your argument on round three, Sadat_Hossain.
Posted by Sadat_Hossain 11 months ago
I am extremely sorry to say for a technical problem, my argument has been cut up. I would like to kindly request my opponent/instigator to let me post my remaining argument as well as initial rebuttals in Round 3!!!
Posted by GoOrDin 11 months ago
not really. u get free investment councelling and tools/instructions at the bank.
Posted by PyroReset 11 months ago
My school IS required to teach the basics of personal finance.
Posted by Russia_The_almighty 11 months ago
Depends what do you mean by schools. College? Elementary school? Middle school? High School? All of the above?
No votes have been placed for this debate.