Solutions for Higher Competence in Financial Literacy of Pupils at Secondary School in the Czech Republic

Abstract

Financial literacy now appears to be a key component of a successful national economy and successful personal finance and budgeting. Financial education, financial consumer protection and financial inclusion are the goal of top country policies. For this reason, it is necessary to assess the levels of financial literacy in each country. There are several solutions for education in this field. The aim of the article is to state selected solutions that will support financial literacy. Paper is starting point to this issue for future analysis. Digital dementia is one of the issues solved in the article. Advanced technologies and their use are some presented solutions as are web portals, learning management systems, PC and Internet games, social networks, blogs or other possibilities. Three web portals that can be used for getting higher competencies in financial literacy will be presented at the end of the article. Primary and secondary sources were used in the processing of the article.

Financing of Basic Education in the Czech Republic – Macroeconomic Context

“…From the beginning, it has been, and will probably still be associated with three phenomena, which are "maintaining economic development of society, the concept of human resources as an engine of economic doi: 10.36689/uhk/hed/2023-01-033 development, and creating conditions for human resources" (Glastra et al, 2004;Pham & Klamma, 2013;Sung & Freebody, 2017). Economics and education relations appear to be mutually influencing (Hedvicakova & Svobodova, 2018a;2018b). Economic growth is conditioned by the high-quality education of people, as well as quality education of people requires increasing resources, which must be secured by a functioning economy (Chikoko & Mthembu, 2020;Ismanto, 2016).…”