The Financial Education

2021 ◽  
pp. 101-125
Keyword(s):  
Technological Innovation ◽  
Financial Market ◽  
Financial Education ◽  
Financial Behavior ◽  
Financial Fragility ◽  
Education Programs ◽  
Economic Resilience ◽  
Health Crisis ◽  
Knowledge And Skills ◽  
The Impact

Financial education is a process that must take place throughout the life of consumers, given the intensification of the process of financial and technological innovation materialized in the emergence of new financial products and ways of accessing them. The financial education programs must focus on capitalizing on and use of financial knowledge and skills by children, young people, and women. The education can create responsible financial behavior within consumers to efficiently manage resources throughout life, including periods of the current health crisis. COVID has demonstrated the importance of economic resilience and the ability of consumers to adapt to the turbulence specific to this period. The financial fragility faced by certain categories of consumers during this period demonstrates the need to implement financial education programs. There is a need to adopt radical changes that are taking place in the financial market under the impact of fintech.

Preparing Tomorrow's Teachers to Use Web-Based Education

2000 ◽  
pp. 129-146 ◽  
Author(s):  
Deborah L. Lowther ◽  
Marshall G. Jones ◽  
Robert T. Plants
Keyword(s):  
Teacher Education ◽  
Preservice Teachers ◽  
World Wide ◽  
Teacher Education Programs ◽  
Education Programs ◽  
Web Based ◽  
Knowledge And Skills ◽  
The World ◽  
The Impact ◽  
Web Based Education

The potential impact of the World Wide Web (WWW) on our educational system is limitless. However, if our teachers do not possess the appropriate knowledge and skills to use the Web, the impact could be less than positive. It is evident, then, that our teachers need to be prepared to effectively use these powerful on-line resources to prepare our children to thrive in a digital society. The purpose of this chapter is to discuss the impact of Web-based education on teacher education programs by addressing the following questions: • How is the World Wide Web impacting education? • Are teacher education programs meeting the challenge of producing certified teachers who are capable of integrating meaningful use of technology into K-12 classrooms? • What is expected of teacher education programs in regards to technology and Web-based education? • What knowledge and skills do preservice teachers need to effectively use Web-based education? • What instructional approaches should be used to prepare preservice teachers to use Web-based education?

scholarly journals Financial Literacy, Materialism and Financial Behavior

2018 ◽  
Vol 5 (4) ◽  
pp. 370
Author(s):  
Anastasia Anggarkusuma Arofah ◽  
Yunastiti Purwaningsih ◽  
Mintasih Indriayu
Keyword(s):  
College Students ◽  
Financial Literacy ◽  
Significant Contribution ◽  
Financial Education ◽  
Economic Education ◽  
Financial Behavior ◽  
Original Sample ◽  
Education Programs ◽  
Goods And Services ◽  
Financial Behaviour

AbstractOtoritas Jasa Keuangan (OJK) focus on improving financial behavior is through financial education program. This study discusses the importance of financial literacy and materialism attitudes in affecting individual’s financial behaviour. Using survey on 129 undergraduates of Economic Education, financial literacy and materialism being factor in affecting behaviour finance. The result of research shows that financial literacy has positive and significant contribution on financial behaviour. It can be seen from the original sample value is 0.244 and t-value 2.319 > 1.96. In addition materialism has a positive and significant contribution on financial behaviour with the original sample value is -0.583 and t-value 6.666 > 1.96. Undergraduates with high financial literacy has good financial behaviour, and undergraduates with low materialism tends can hold an activity related to the purchase of consumer goods and services. Moreover, the significance of financial literacy and self-efficacy has important implications for the development of policies that aim to improve financial behaviour among college students in financial education programs. Keywords: Financial Literacy, Materialism, Financial Behaviour, Financial Education

The influence of the COVID 19 pandemic on financial education

2021 ◽  
Vol 66 (3) ◽  
pp. 77-90
Author(s):  
Nicoleta Gianina Bostan Motoaşcă
Keyword(s):  
Financial Education ◽  
Jel Classification ◽  
Financial Behavior ◽  
Banking Services ◽  
Personal Finances ◽  
Travel Agencies ◽  
Saving Behavior ◽  
Rich Countries ◽  
The Impact ◽  
The International Monetary Fund

"ABSTRACT. Pandemic situation has changed the way we work, learn and shop. Digital finance has helped individuals and companies to meet challenges. The forecasts for the impact of COVID 19 on the world economy are pessimistic. The latest revision of the International Monetary Fund shows a deeper recession than the initial estimates for 2020 and a slower recovery in 2021. Some industries were completely blocked, others were significantly declining. The impact of the restrictions imposed by the epidemiological situation were negative in industries like the automotive industry, airlines, travel agencies, tour operators, hotels, restaurants, entertainment and construction. There were also industries whose activity had an increase due to the pandemic like courier, transport and health services. The need to maintain social distance has pushed forward digital solutions for payments and banking services. People have been taken out of their comfort zone when it comes to managing personal finances. The discrepancies between poor and rich countries became more evident during this pandemic. Lack of activity, limited opportunities to spend money and uncertainty have increased saving behavior. According to Eurostat, the saving rate of households in the euro area increased by 16.6% in the second quarter of 2020 compared to the first, but the investment rate decreased by one percent. Speaking of the crisis in general and the financial crisis in particular, it has been shown that it has significantly changed the financial behavior of individuals. This paper aims to analyze how financial education led to different financial behavior during the crisis and the exclusions circumstances that may occur. Keywords: Covid-19, financial education, personal finances. JEL classification: I15, A29, D14. "

A review of financial-literacy education programs for children and adolescents

2017 ◽  
Vol 17 (1) ◽  
pp. 56-80 ◽  
Author(s):  
Aisa Amagir ◽  
Wim Groot ◽  
Henriëtte Maassen van den Brink ◽  
Arie Wilschut
Keyword(s):  
Children And Adolescents ◽  
Financial Literacy ◽  
Financial Education ◽  
Literacy Education ◽  
Financial Behavior ◽  
Education Programs ◽  
Effective School ◽  
Positive Effects ◽  
School Based ◽  
Key Characteristics

In this systematic literature review, we evaluate the effectiveness of financial-literacy education programs and interventions for children and adolescents. Furthermore, the key characteristics of the design of a successful financial-education curriculum are described. The evidence shows that school-based financial-education programs can improve children’s and adolescents’ financial knowledge and attitudes. Studies that assess the intention to practice good behavior and studies based on self-reported behavior also report positive effects. However, studies that assess the effects of financial education on children’s and adolescent’s actual financial behavior are scarce, and show hardly any effect. A promising method to teach financial literacy to children and adolescents in primary and secondary school is “experiential learning.” In college, the focus should be on specific “life events” of students. The findings may be useful for designing an effective school-based financial education program.

scholarly journals The Role of Knowledge Brokers in Improving Financial Literacy

2021 ◽  
pp. 75-103
Author(s):  
Chaouki Mouelhi ◽  
Hajer Hammami
Keyword(s):  
Structural Equation Modeling ◽  
Financial Literacy ◽  
Structural Equation ◽  
Positive Impact ◽  
Financial Education ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
Equation Modeling ◽  
Knowledge Brokers ◽  
The Impact

Several governments around the world have tried strategies based primarily on financial education programs to improve the financial literacy of their citizens. In this study, we discuss a new strategy that involves using knowledge transfer activities carried out by intermediary agents, called financial knowledge brokers, to achieve significant improvement in financial literacy. Thus, the aim of this paper is to test the impact of the five activities of financial knowledge brokers (i.e., financial knowledge acquisition, financial knowledge integration, financial knowledge adaptation, financial knowledge dissemination, and creation of links) on financial literacy. For this, we built a database from a questionnaire carried out to nearly 103 financial advisers during the period June 2015 to June 2017. Overall, the results of Structural equation Modeling (SEM) technique showed that the financial knowledge brokerage activities (four of the five activities) have a positive impact on improving financial literacy as well as on its four dimensions, namely financial attitude, financial behavior, basic financial knowledge, and advanced financial knowledge. JEL classification numbers: D80, F65, G20, I20. Keywords: Financial literacy, Knowledge brokers, Structural equation modeling.

scholarly journals Investigating Attitudes towards Financial Literacy in Schools: An Impact Study

2012 ◽  
Vol 3 (7) ◽  
pp. 204-215
Author(s):  
Noi Keng KOH
Keyword(s):  
Financial Literacy ◽  
Modern Society ◽  
Financial Education ◽  
Financial Behavior ◽  
Economic Downturn ◽  
Sustainable Society ◽  
Socially Responsible ◽  
Pedagogical Skills ◽  
Responsible Attitude ◽  
The Impact

The global economic downturn has highlighted the damaging impact of financial illiteracy on individuals, families, communities and entire nations. The need to teach people how to spend, save, invest, borrow and manage money wisely has become more important than ever. It has also raised questions about what it takes to effectively engage people and change their financial behavior. This study is part of a larger study in Singapore schools to study the impact of an initiative to equip teacher’s with pedagogical skills and knowledge to integrate financial literacy messages in day-to-day lessons and foster a socially responsible attitude towards managing money to create a financially sustainable society. This study provides insights into how financial education can be integrated into classroom lessons in schools to deal with challenges that living in modern society presents.

scholarly journals The COVID-19 Impact on Bucharest Stock Exchange. The First Six Months

2020 ◽  
Vol 15 (2) ◽  
pp. 256-269
Author(s):  
Vasiu Diana Elena
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Stock Exchange ◽  
Economic Effects ◽  
Health Crisis ◽  
Political Situation ◽  
Economic Context ◽  
First Case ◽  
The Impact

AbstractThe first case of coronavirus was registered in Romania on February 26. From this moment, Romania has become “infected”, just like the whole world, and the economy has suffered milder or more severe symptoms, depending on the activity field. Four months have passed since then, during which in Romania, the effects of the health crisis overlapped with a tense political situation, in an unfavorable economic context. Once the COVID-19 hits each country, the economic effects started to become visible in all the world’s financial markets, the financial market being among the first to suffer the impact of the COVID-19 crisis. This paper analyzes how the financial market in Romania was affected by the COVID-19 crisis.

scholarly journals Assessing the impact of financial education programs: A quantitative model

2020 ◽  
Vol 78 ◽  
pp. 101899 ◽  
Author(s):  
Annamaria Lusardi ◽  
Pierre-Carl Michaud ◽  
Olivia S. Mitchell
Keyword(s):  
Financial Education ◽  
Quantitative Model ◽  
Education Programs ◽  
The Impact
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