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Journal section "Territorial finance"

ON POPULATION FINANCIAL LITERACY

Belekhova G.V.

1 (69), 2014

Belekhova G.V. ON POPULATION FINANCIAL LITERACY. Problems of Territory's Development, 2014, no. 1 (69)

Abstract   |   Authors   |   References
The ongoing processes of economic systems sophistication, the financial market development, and inevitable demographic and socio-political changes cause, among other things, the growing importance of competent individual financial decisions. Financial literacy, capable of providing material well-being to each household, becomes one of the most important life skills for an individual. However, according to the data of foreign and domestic studies, the share of population with adequate financial knowledge and skills is insignificant, which is a threat not only to the sustainable household existence, but to the balanced macroeconomic development, as well

Keywords

financial literacy, family budget, deposit insurance system, national strategies for improving financial literacy of the population

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