Level of Financial Education in South-Eastern Europe

Alina Elena Ionascu (), Alexandra Popa () and Roxana Marcela Zaharia ()
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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

Ovidius University Annals, Economic Sciences Series, 2023, vol. XXIII, issue 1, 932-939

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.

Keywords: financial literacy; financial instruments; household saving (search for similar items in EconPapers)
JEL-codes: G23 G51 G53 (search for similar items in EconPapers)
Date: 2023
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