Work

Financial education: From better personal finance to improved citizenship

Year: 2023

Type: article

Abstract: Financial education is a crucial determinant of informed decisions, in both the private and social spheres. From a life cycle perspective, it improves personal finance. From youth to retirement, basic economic and financial competences, including specific pension literacy, help to plan for the future and to make better choices, thus reducing the probability of financial fragility, particularly in old age, and increasing economic independence, particularly for women. In the social sphere, a growing literature is demonstrating that basic financial education also affects public choices, influencing voting behavior, economic reforms, policy outcomes, and, more generally, the workings of our democracies.

Source: Journal of Financial Literacy and Wellbeing

DOI: 10.1017/flw.2023.7

Authors: Elsa Fornero, Anna Lo Prete

Institutions: Collegio Carlo Alberto, University of Turin

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Quality education

Open Access status: hybrid

Estimated APC paid: $3,255