Education is better than Money: Is education better than money? This sounds amusing, right? I know you really want to know the fact and truth about this claim. Relax; do not be in haste. In this article, you will learn why it is claimed that education is better than money.
There is no doubt that education is important. One could say the same too about money. However, what side will you take if you were to decide which is better? What if you have to pick a side and defend it with good points? Which will it be?
It is known and believed that money gives freedom and choices. However, there is the flip side that states that education empowers you to make money. Where should one pitch his or her tent?
Before we delve deeper into this, let’s have an understanding of what we mean by education in this context.
What is Education?
Before we continue with the deliberation on “education is better than money”, you should note this. Education is a purposeful activity. And it is directed at achieving certain aims, such as:
- Transmitting knowledge.
- Fostering skills and character traits.
The above aims may include the development of understanding, rationality, kindness, and honesty. Various researchers emphasize the role of critical thinking in order to distinguish education from indoctrination.
Some theorists require that education results in an improvement of the student while others prefer a value-neutral definition of the term.
However, in a slightly different sense, education may also refer, not to the process, but to the product of this process: the mental states and dispositions possessed by educated people.
Education originated as the transmission of cultural heritage from one generation to the next. Today, educational goals increasingly encompass new ideas such as the liberation of learners, skills needed for modern society, empathy, and complex vocational skills.
Forms of Education
There are three (3) main types of education: formal education, Informal Education, and Non-formal Education.
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Formal Education
This usually takes place within the premises of the school.
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Informal Education
This is done outside the premises of an academic institution. Often, this is when a person learns skills or acquires knowledge from home, when visiting libraries, or browsing educational websites through a device.
Also, it is a type of education where a parent teaches their child things beyond academics, like preparing a meal or riding a bicycle.
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Non-Formal
This refers to adult basic education, adult literacy education, or skill development. It can take different forms of learning, which are consistently and systematically provided to develop an individual’s particular skill or ability.
Reasons Education is better than Money
There are claims that education is better than money. You may agree to this or not, however, there are stipulated reasons for the claim. Below are some of the reasons education is said to be better than money:
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It Reduces Child Mortality
This is one of the reasons education is better than money. According to UNESCO, a child born to a mother who can read is 50 per cent more likely to survive past the age of five.
This means parents that are educated know what to do and where to go when their children are facing challenges like health. Do you agree to this position?
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Education Brings Stability and Financial Security
This is one of the reasons education is better than money. One level of educational attainment can sometimes determine what such a person will earn. And that is why a person’s income is often linked to his or her educational attainment.
Around the world, there are more employment opportunities for those who complete high school, earn a degree, diploma, or certificate, or go on to post-graduate studies. These can also mean higher wages or salaries.
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Economic Growth (as a nation)
This is another reason education is better than money. The wealthiest nation has an educated population.
An educated population is important in building a nation’s economy. According to studies, countries with the highest literacy rates are more likely to progress in human and economic development.
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Developing Problem-solving Skills
This is another reason education is better than money. The schooling system is structured to teach a person how to develop critical and logical thinking skills.
This way, one will be able to make quality decisions. This skill prepares a child for adulthood when significant and insignificant decisions become part of his daily life.
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Do you now agree that education is better than money? If no, then what could be your reasons? Feel free to share with us.
