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KnowledgeManagement in the Area of Financial Literacy in Poland

Iwa Kuchciak
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Iwa Kuchciak: University of Lodz, Institute of Finance, Poland

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Abstract: Financial education enables the development of financial awareness in society and education positive habits needed for the responsible management of financial resources, taking into account the economic purposes in closer or further term. The deepening of financial knowledge allows people to identify opportunities and risks that are associated with typical and new financial products by which citizens take more informed financial decisions that affect themselves and family members. The aim of this paper is to present the current state of financial literacy in Poland in the comparison with other countries. The paper presents the potential relationships between financial education and financial behavior and identify the main education program realized in Poland. With regard to that, it is necessary to continue activities on the national level with a view to deepening the economic literacy of Polish people and teaching practical skills of managing finances.

Keywords: knowledge; education; financial literacy; financial awareness; financial behaviour (search for similar items in EconPapers)
Date: 2013
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