Situating financial literacy

Abstract

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Financial Literacy of Secondary School Students. Case Study from the Czech Republic and Slovakia

“…According to Bay, Catasu, and Johed (2014), financial literacy is perceived either as (1) an individual capability that can be acted upon in relation to experience, vocabulary and skills (the autonomous model), or (2) a socially situated issue where financial literacy in itself must always be debated (the situated model).…”

The relationship between financial disputes and financial literacy

“…Karunarathne and Gibson (2014) argue that immigrants in Australia with a higher financial literacy choose lower cost ways to transfer money, to save on transaction costs. Finally, other studies examine the relationship between financial education and financial literacy, in particular on whether the phenomenon of poor financial literacy could be improved (Bay et al, 2014;Fox et al, 2005;Lyons et al, 2006;Oehler and Werner, 2008;The World Bank, 2009;Willis, 2009). The findings suggest that financial education does have a significantly positive relationship with increased financial literacy.…”

“If We Don’t Look after Ourselves, No One Will”: Financial Self-help and Neoliberal Political Rationality

“…Transversalmente, este tipo de programas apoia -se na tentativa de melhorar quantitativa e qualitativamente os conhecimentos financeiros dos indivíduos, além de aumentar a sua capacidade para escolher entre diferentes produtos. Em suma, é o cliente quem monitoriza o mercado e obriga as instituições a ajustar a sua oferta segundo as necessidades de consumidores bem formados e informados (Bay et al, 2012).…”