The Status and Development of Financial Literacy in Hungary

Eszter Hergar (), Levente Kovacs () and Erzsébet Németh
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Eszter Hergar: Magyar Nemzeti Bank
Levente Kovacs: University of Miskolc, Hungarian Banking Association

Financial and Economic Review, 2024, vol. 23, issue 1, 5-28

Abstract: This essay provides an overview of the measures implemented in the last ten years to improve financial literacy and awareness, presenting the steps taken by institutions, civil organisations and the government to promote and develop financial literacy and awareness, the specific topics addressed and the degree of success. Comparative international surveys indicate an improvement in the public's financial awareness, mainly in terms of financial knowledge, but further progress is needed in the area of financial attitudes and the application of skills.

Keywords: financial literacy development programmes; financial education; financial awareness; Hungary (search for similar items in EconPapers)
JEL-codes: A13 D12 G51 G53 I2 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:mnb:finrev:v:23:y:2024:i:1:p:5-28

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