The challenge of financial literacy

Authors

  • María Caridad Ramírez Marrero

DOI:

https://doi.org/10.58720/bis.v2i1.30

Keywords:

Literacy, Financial System, Strategy, Financial Institutions, Economics

Abstract

The financial world is crucial as people take more responsibility for their own financial security. For that reason, financial education plays a critical role in helping the individual manage their money wisely. In addition, there is a need to study a strategy at the national level to improve personal finances, since the population is currently being economically disadvantaged, in particular, because they lack financial knowledge and access to conventional financial institutions. Therefore, the purpose of this document is to describe the importance of financial literacy given that a good knowledge in financial education will make an important contribution to the soundness and efficiency of the financial system and the performance of the country's economy and consequently they will guide the path to economic freedom.

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Published

2021-02-27

How to Cite

María Caridad Ramírez Marrero. (2021). The challenge of financial literacy. Business Innova Sciences, 2(1), 67-75. https://doi.org/10.58720/bis.v2i1.30

Issue

Vol. 2 No. 1 (2021): Vol. 2 No. 1 (2021): Business Innova Sciences: Journal of Business Sciences

Section

Articles

License

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