Metody podnoszenia świadomości finansowej wśród osób zagrożonych wykluczeniem społecznym

The very low level of financial capabilities, especially in the context of the recent financial crisis has became a hot international debate. It has results in the number of recommendation issued by OECD, World Bank as well as European Commission. It has played very significant role from the perspec...

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Bibliographic Details
Published inStudia prawno-ekonomiczne no. 98; pp. 255 - 274
Main Authors Potocki, Tomasz, Opolski, Krzysztof
Format Journal Article
LanguagePolish
Published Lodz Scientific Society 2016
Łódzkie Towarzystwo Naukowe
Subjects
Economy
Education
Social Sciences
financial capabilities
personal finance
financial behavior
financial education
financial needs pyramid
financial decisions
economic socialization
decision rules (heuristics)
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Summary:The very low level of financial capabilities, especially in the context of the recent financial crisis has became a hot international debate. It has results in the number of recommendation issued by OECD, World Bank as well as European Commission. It has played very significant role from the perspective of low income population. Building financial capabilities among this part of the society may be the most effective way of rising the level of life quality. The financial education fallacy forces the new institutionalized and holistic framework of rising financial capabilities. In particular, the main aim of the paper is to present theoretical model of institutional financial capability building with the key components including: economic socialization, economic education as well as the right financial product design. The critical review of international and domestic research was applied to answer the research question.
ISSN:0081-6841