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Level of Financial Education in South-Eastern Europe

Author

Listed:
  • Alina Elena Ionascu

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

  • Alexandra Popa

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

  • Roxana Marcela Zaharia

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

Abstract

Financial literacy refers to a person's knowledge and skills in managing personal finances and making wise financial decisions. Adequate financial education is essential for making informed choices and avoiding financial problems. The purpose of this academic article is to examine and analyse the importance and the impact of financial education in the current economic and social context. The article will explore the factors that influence the level of financial education and the barriers to implementing effective programs. The study aims to analyse the financial knowledge, behaviour and attitudes of people in South East Europe. The research methods provide an overview of the level of financial education in the South-East European regions, based on comparable data and rigorous analysis. The results of the study are the pillar for the developing effective financial education policies and programmes in the regions in order to make better decisions and ensure longterm financial security.

Suggested Citation

  • Alina Elena Ionascu & Alexandra Popa & Roxana Marcela Zaharia, 2023. "Level of Financial Education in South-Eastern Europe," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 932-939, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:932-939
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/10.pdf
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    References listed on IDEAS

    as
    1. Annamaria Lusardi & Olivia S. Mitchell, 2014. "The Economic Importance of Financial Literacy: Theory and Evidence," Journal of Economic Literature, American Economic Association, vol. 52(1), pages 5-44, March.
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    More about this item

    Keywords

    financial literacy; financial instruments; household saving;
    All these keywords.

    JEL classification:

    • G53 - Financial Economics - - Household Finance - - - Financial Literacy
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

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