Financial Exclusion of the Rural Population in Poland

Kata, Ryszard; Walenia, Alina; Pyrkos, Damian S.

doi:10.17306/jard.2015.74

Cited by 3 publications

(1 citation statement)

References 21 publications

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“…One of the factors differentiating the level of financial literacy of citizens is their place of residence (rural/urban areas). Numerous studies indicate that the inhabitants of non-urbanized areas are characterised by a much lower level of financial literacy compared to the inhabitants of cities [Lusardi, Mitchell 2014;Kata et al 2015;Gaisina, Kaidarova 2017]. In addition, the statistics reveal huge disparities in these areas, especially when taking into account poor countries [Xu, Zia 2013;Bendre, Singh 2017;Karakurum-Ozdemir et al 2018].…”

Section: Introductionmentioning

confidence: 99%

Level of financial literacy of academic youth from rural areas in the Visegrad Group countries

Szafrańska¹

2019

Financial Sciences

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The aim of the study is to determine the level of financial literacy of academic youth from rural areas in the V4 Group countries, as well as to compare the results obtained with the level of financial literacy of young people from cities. The source of data used for analysis and inference were primary information obtained from own research (PAPI method, 900 people). The research used a set of questions to assess the level of financial literacy of adults proposed by the OECD INFE. In addition to primary sources, secondary sources were also used to achieve the goal. The measures of descriptive statistics and one-way analysis of variance (F) were used. The level of financial literacy was determined at the medium level, which may indicate the low effectiveness of financial education measures implemented at different levels of education. The component of financial literacy where students from rural areas had the lowest scores was basic financial knowledge. Only 43% of people from rural areas achieved the minimum target score.

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Section: Introductionmentioning

confidence: 99%

Level of financial literacy of academic youth from rural areas in the Visegrad Group countries

Szafrańska¹

2019

Financial Sciences

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Financial Exclusion in Rural and Urban Contexts in Poland: A Threat to Achieving SDG Eight?

Alonso

Jorge-Vázquez

Fernández

et al. 2022

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Financial inclusion, which consists of having a financial system that is easily accessible to citizens, is identified by various international organizations such as the new UN Agenda 2030, as a priority objective. This objective is particularly relevant in rural areas, where access to these services is more difficult, as citizens have to travel several kilometers to access them. In this study, we analyze the current situation of the Polish financial sector in terms of its accessibility, in order to measure the degree of financial inclusion. For this purpose, we use three combined methodologies. Initially, a data extraction from the Central Bank of Poland was carried out. Subsequently, three methodologies are applied to calculate financial inclusion. First, we apply the criteria of the Financial Access Survey (FAS) of the International Monetary Fund. Secondly, the Access to Cash Index (ACI) methodology by calculating a score that describes the access to banking services according to certain items. Finally, we applied the nearest neighbor methodology to detect in each voivodship those points where it is most difficult (measured in km distance) to access banking services. Some areas, especially in rural areas of the different voivodeships, present certain problems when it comes to accessing banking services. Therefore, the fulfillment of SDG 8.10 will be more difficult to achieve in these areas. The public authorities must pay attention to this, in order to reach the commitments acquired with the 2030 agenda, in terms of financial inclusion.

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The Level of Financial Literacy of Academic Youth From Rural Areas in the Malopolskie Voivodship

Szafrańska

2019

Annals PAAAE

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The main purpose of the work is to define and characterize the level of financial literacy of students coming from rural areas in the Malopolskie voivodship in 2018. The main source of data used was primary information from the author’s own study (the PAPI method, a group of 170 respondents). The research used a set of questions to assess the level of financial literacy of adults proposed by the OECD INFE. In addition to primary sources, Polish and foreign literature on the subject was also used to achieve the goal. Total statistical indicators (mean, minimum, maximum) were used for data analysis and the non-parametric chi-square test (χ2). As results from the analysis, students are characterised by an average level of financial literacy, which may indicate a low effectiveness of financial education activities carried out at various levels of education in Poland. The factors determining the level of financial literacy of rural youth were gender and the field of study. Men and people studying economics were characterized by a higher level of financial literacy. Financial behaviour is a component of financial literacy in which students received the lowest results. The minimum target score in this module was obtained by only 24% of people.

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Financial Exclusion of the Rural Population in Poland

Cited by 3 publications

References 21 publications

Level of financial literacy of academic youth from rural areas in the Visegrad Group countries

Level of financial literacy of academic youth from rural areas in the Visegrad Group countries

Financial Exclusion in Rural and Urban Contexts in Poland: A Threat to Achieving SDG Eight?

The Level of Financial Literacy of Academic Youth From Rural Areas in the Malopolskie Voivodship

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