Financial education is a crucial determinant of informed decisions, in both the private and social spheres. From a life cycle perspective, it improves personal finance. From youth to retirement, basic economic and financial competences, including specific pension literacy, help to plan for the future and to make better choices, thus reducing the probability of financial fragility, particularly in old age, and increasing economic independence, particularly for women. In the social sphere, a growing literature is demonstrating that basic financial education also affects public choices, influencing voting behavior, economic reforms, policy outcomes, and, more generally, the workings of our democracies.

Financial education: From better personal finance to improved citizenship

Elsa Fornero;Anna Lo Prete
2023-01-01

Abstract

Financial education is a crucial determinant of informed decisions, in both the private and social spheres. From a life cycle perspective, it improves personal finance. From youth to retirement, basic economic and financial competences, including specific pension literacy, help to plan for the future and to make better choices, thus reducing the probability of financial fragility, particularly in old age, and increasing economic independence, particularly for women. In the social sphere, a growing literature is demonstrating that basic financial education also affects public choices, influencing voting behavior, economic reforms, policy outcomes, and, more generally, the workings of our democracies.
2023
1
12
27
https://www.cambridge.org/core/journals/journal-of-financial-literacy-and-wellbeing/article/financial-education-from-better-personal-finance-to-improved-citizenship/36663C80F62A7CA310F017343646D5BB
financial literacy; personal finance; pension literacy; economic reforms; public decisions
Elsa Fornero; Anna Lo Prete
File in questo prodotto:
File Dimensione Formato  
2023_FinEDU_JFW.pdf

Accesso aperto

Tipo di file: PDF EDITORIALE
Dimensione 239.21 kB
Formato Adobe PDF
239.21 kB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2318/1901903
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact