THE IMPORTANCE OF FINANCIAL EDUCATION - THE FIRST STEP TOWARDS FINANCIAL INDEPENDENCE
THE IMPORTANCE OF FINANCIAL EDUCATION - THE FIRST STEP TOWARDS FINANCIAL INDEPENDENCE
Author(s): Andra Bica, Bogdan Giurgea, Laurentiu BarangaSubject(s): Business Economy / Management, Financial Markets, Business Ethics, Sociology of Education
Published by: Editura Arhipelag XXI
Keywords: financial education; savings; planning; investments; profit;
Summary/Abstract: Lack of financial education as well as systematic saving behavior leads people to depend on other sources of financial support, such as the state or children. However, due to demographic trends (migration, negative natural growth) as well as population aging, public pension systems based on defined benefits will have increasing sustainability problems. This situation is already visible internationally and has the effect of raising the retirement age, raising social security taxes in order to support public pension systems, and the return to work, due to lack of income, of many retired people.
Journal: Journal of Romanian Literary Studies
- Issue Year: 2020
- Issue No: 21
- Page Range: 94-100
- Page Count: 7
- Language: Romanian