Summarize Written Text in PTE: Benefits of Financial Literacy Education

The “Summarize Written Text” task in PTE’s Speaking & Writing section requires test-takers to summarize a passage into one concise sentence. Test-takers need to focus on effectively capturing the key points within a short time frame. In this article, you will practice with comprehensive sample questions and answers related to the Benefits Of Financial Literacy Education, a topic commonly found in modern education discourse.

The Importance of Summarizing Correctly

Summarizing involves compressing complex information into a concise, accurate statement, which is an essential skill for acing this task. Today’s sample questions are structured to help you improve this valuable skill while focusing on a significant modern-day topic—financial literacy education.

Sample Summarize Written Text Question 1

Prompt:

Financial literacy education empowers individuals with essential knowledge and skills in money management, providing them with the ability to make informed financial decisions. It teaches students valuable concepts such as budgeting, saving, investing, and understanding credit, which can lead to better financial stability throughout their lives. The lack of financial literacy can result in financial difficulties, causing people to struggle with debt and poor financial decisions. Governments and education systems are increasingly recognizing the need to incorporate financial literacy programs in school curricula to prepare students for the economic realities they will face.

Summarize the text in one sentence.

Sample Answers for Question 1

Band Score 90 (Expert):

Financial literacy education equips individuals with essential financial skills and knowledge, helping them make informed decisions, avoid debt, and achieve long-term financial stability, prompting governments and schools to increasingly prioritize it in curricula.

• Content: Fully detailed, covers all aspects of the text.
• Form: 1 sentence (appropriate length).
• Grammar: Precise use of commas and structures.
• Vocabulary: Advanced use of terms like “equip,” “informed decisions,” and “prioritize.”
• Spelling: No spelling errors.

Band Score 70 (Good):

Financial literacy education helps people learn skills for budgeting, saving, and investing, which helps them avoid bad financial choices and debt, making it a priority in schools.

• Content: Covers most key points but slightly simpler.
• Form: 1 sentence (appropriate length for the task).
• Grammar: Correct but somewhat basic.
• Vocabulary: Uses simpler vocabulary such as “helps” instead of “equips.”
• Spelling: Correct.

Band Score 50 (Average):

Learning financial literacy is important because it helps with budgeting and saving, and is becoming more important in schools.

• Content: Misses important points about debt and long-term financial stability.
• Form: 1 sentence (correct form but a little short).
• Grammar: Simple sentence structure with no complex grammar.
• Vocabulary: Basic vocabulary not expressive enough.
• Spelling: No errors.

Sample Summarize Written Text Question 2

Prompt:

The need for financial literacy education is more critical than ever due to the complexity of modern financial systems. Today, individuals face a wide range of financial products, from credit cards to mortgages, which require a certain level of knowledge to effectively manage. A lack of financial literacy can lead to severe consequences, including mismanagement of debt and being unprepared for financial emergencies. Educating students about financial literacy at a young age can provide a strong foundation for lifelong money management skills, leading to healthier financial outcomes in adulthood.

Summarize the text in one sentence.

Sample Answers for Question 2

Band Score 90 (Expert):

Given the complexity of modern financial systems, financial literacy education is crucial to equip individuals with the knowledge to manage an array of financial products and mitigate risks like debt mismanagement and emergency unpreparedness.

• Content: Comprehensive synthesis of all points.
• Form: 1 sentence (appropriate length).
• Grammar: Complex, well-structured.
• Vocabulary: Advanced use of terms such as “mitigate” and “unpreparedness.”
• Spelling: No mistakes.

Band Score 70 (Good):

As new financial products are becoming more complex, financial literacy is important to help people avoid poor debt management and prepare for emergencies.

• Content: Includes most points, although less elaborately expressed.
• Form: 1 sentence (correct length).
• Grammar: Essentially correct, no issues.
• Vocabulary: Good word choices but less complex.
• Spelling: No errors.

Band Score 50 (Average):

Learning about financial products helps people avoid debt problems and be more prepared for emergencies.

• Content: Misses the idea of educational importance in childhood and complexity of financial systems.
• Form: Adequate but too brief.
• Grammar: Simple sentence structure.
• Vocabulary: Basic terms used.
• Spelling: Correct.

Key Vocabulary from the Texts

Here are 10 essential vocabulary words that appeared in the sample questions, along with their definitions and usage:

1. Equip /ɪˈkwɪp/ (v.): To provide someone with necessary items or knowledge.

   • The school equips students with essential skills for their future careers.

2. Mismanagement /ˌmɪsmænɪdʒˈmɛnt/ (n.): Poor handling or control of something.

   • The company’s financial mismanagement led to its downfall.

3. Budgeting /ˈbʌdʒɪtɪŋ/ (n.): The process of creating a plan to spend your money.

   • Budgeting is essential for keeping track of your finances.

4. Prioritize /praɪˈɒrɪtaɪz/ (v.): To arrange or deal with in order of importance.

   • It’s important to prioritize your financial goals to avoid overspending.

5. Foundation /faʊnˈdeɪʃən/ (n.): A base or underlying support for something.

   • A strong foundation in financial literacy will benefit you throughout your life.

6. Stability /stəˈbɪlɪti/ (n.): The condition of being steady and not likely to change.

   • Financial stability can protect individuals from unexpected economic challenges.

7. Mitigate /ˈmɪtɪɡeɪt/ (v.): To make less severe or serious.

   • Policies are necessary to help mitigate the risks of financial crises.

8. Unpreparedness /ˌʌnprɪˈpeədnəs/ (n.): The state of not being ready.

   • Financial education can reduce the unpreparedness for emergencies.

9. Credit /ˈkrɛdɪt/ (n.): The ability to borrow money with the promise to repay it later.

   • Understanding how credit works is a crucial part of financial literacy.

10. Consequences /ˈkɒnsɪkwənsɪz/ (n.): A result or effect of an action or condition.

    • Poor planning can lead to severe financial consequences.

Conclusion

Summarize Written Text tasks are common in the PTE Speaking & Writing section, and topics like financial literacy education are frequently tested due to their relevance. Practice is essential in order to master this skill, as it improves your ability to condense complex ideas clearly and concisely. Remember that a well-written summary not only accurately reflects the original content but also adheres to the structural requirements of the PTE.

Do you have any questions or want more practice? Comment below, and we’ll be happy to answer!