Exploring the Quality of Pupils’ Financial Literacy

Abstract

Introduction: Education is an important tool for improving many aspects of life, including socio-economic status or well-being. The paper is aimed at monitoring the financial literacy of pupils in Eastern Slovakia.Methods: The contribution will contain the results of the survey. We analyse in detail the theoretical definition of financial literacy, strategy and measures of the state administration bodies in the field of improving financial literacy of more than 2000 pupils.Results: The result of the research paper is an analysis of the achieved data and their characteristics.Discussion: This part of the research paper deals with the areas of financial literacy of pupils in Slovakia. Education is an important tool for improving many aspects of life, including socio-economic status or well-being.Limitations: Participants of the electronic questionnaire participated in the answers according to the activities and projects prepared by a particular elementary school.Conclusion: Higher life expectancy, pension reforms, the availability of a more comprehensive range of financial products and services mean that the ability to make well-informed financial decisions is increasingly considered an important life skill. If a school fails at certain points during a child’s study, it is assumed that this will have a negative long-term impact on the child’s life in the future, as ending a school without sufficient qualifications can lead to difficulties in ensuring equal participation in the financial, civil and social aspects of modern society. Education is an important tool for improving many aspects of life, including socio-economic status or well-being.