scholarly journals An Empirical Analysis of the Influence of Financial Literacy on Family Cultural Consumption – Based on the Data from CFPS

2021 ◽  
Vol 4 (6) ◽  
pp. 39-45
Author(s):  
Yanhong Gong ◽  
Ziwen Song

Based on the data from Chinese Family Panel Studies (CFPS), this study uses the Tobit model to empirically analyze the influence of financial literacy on family cultural consumption. This study found that the average financial literacy level of Chinese residents is still relatively low. The improvement of their financial literacy would help enhance the household cultural consumption expenditure. From this study, it is recommended that there should be an improvement in the cultural consumption of Chinese families and their quality of life by targeting financial education, raising the income level of residents, and stimulating the residents’ cultural consumption willingness.

Author(s):  
Claudia Márcia de Jesus Forte ◽  
Fernanda Sanches Rocha

The article presents the Impact Evaluation results carried out in the Financial Education Program for Women Beneficiaries of the Bolsa Família Program (BFP) and Retirees with income of up to two minimum wages. This program aims to promote the increase of financial literacy and changes in habits and behaviors, in order to develop skills and abilities that help to manage the family budget efficiently. The methodology used was the one of experimental experience and made possible the coexistence with beneficiaries and retirees in their homes, seeking to understand the realities and the local needs. The change in behavior through the development of skills and abilities, as well as the acquired knowledge, demonstrated that decision making becomes more conscious, promoting autonomy and meaningful better in the quality of life of the family and the family environment.


2020 ◽  
Vol 18 (4) ◽  
pp. 652-661
Author(s):  
Sh.Ch. Soyan ◽  
V.K. Sevek ◽  
R.S. Taibyl

Subject. This article deals with the issues of determining the level of financial literacy of the population of the Tyva Republic. Objectives. The article aims to analyze the level of financial literacy of the population of the Tyva Republic and identify factors that cause the financial illiteracy rates. Methods. For the study, we used a questionnaire method within a sociological survey. Results. The article presents results of the sociological survey of respondents and highlights the main reasons for the financial illiteracy of the majority of the population of the Tyva Republic. Conclusions. The results obtained can be taken into account when developing the area's socio-economic development programmes improving the quality of life of the population.


2009 ◽  
Vol 39 (6) ◽  
pp. 890-896 ◽  
Author(s):  
T. F. Leung ◽  
E. Yung ◽  
Y. S. Wong ◽  
C. Y. Li ◽  
G. W. K. Wong

2017 ◽  
Vol 26 (12) ◽  
pp. 3297-3306 ◽  
Author(s):  
Vivian Yawei Guo ◽  
Esther Yee Tak Yu ◽  
Rosa Sze Man Wong ◽  
Patrick Ip ◽  
Agnes Fung Yee Tiwari ◽  
...  

Author(s):  
Claudia M. J. Forte

Convinced of the importance of financial education to the solidity of the financial system and the quality of life of Brazilian society, four institutions representing the financial market instituted AEF-Brasil in 2012, geared towards elevating this cause to the level of the most pressing causes in Brazil. They are: ANBIMA (Brazilian Financial and Capital Markets Association),B3 (Brazil Stock Exchange and Over-the-Counter Market), CNSeg (National Confederation of Companies of General Insurance, Private Pension, Life, Supplementary Health Insurance, and Capitalization Insurance) and FEBRABAN (Brazilian Federation of Banks). Allowing financial education to reach every Brazilian means leveraging equal opportunities for autonomous and healthy financial decisions in their lives, thereby bolstering citizenship. By developing these projects, AEF-Brasil has contributed and continues to contribute to social and economic development and, especially, to the exercise of full citizenship and the practice of democracy.


2020 ◽  
Vol 2 (2) ◽  
pp. 72
Author(s):  
Farida Komalasari ◽  
Eko Ganiarto

<p>This community empowerment activity is intended to improve people awareness in financial household management, especially in retirement planning.  By doing a good retirement planning, it is expected that people will have a good quality of life during their retirement.  This activity is also intended to increase households’ financial literacy.  This activity was done at Sunday, 3 November 2019 at 4-6pm, participated by 18 members of Komunitas Ibu RT 09 RW 03 Kelurahan Dukuh Kecamatan Kramat Jati Jakarta Timur.  Lecturing, true or fals, guided teaching, question &amp; answer, simulation and discusion were used along this activity.  All participants were actively following the all program, from the beginning to the end of session.  Questions and opinions from participants show their awareness on the importance of retirement planning.  At the end of session, the participants agreed that having a good retirement planning before entering the retirement period is important.   Retirement planning is needed to reach a good wealth during the retirement.  The problem is that they do not have an enough knowledge to make a good retirement planning.   Therefore, a guidance and help are needed to increase their financial literacy, especially in composing a retirement plan.  Some topics that could be delivered to them in the future are introducing investment instruments and selecting a Financial Institution Pension Fund.</p>


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