Knowledge Tree
Relations (1)
related 2.58 — strongly supporting 5 facts
Financial literacy and financial education are intrinsically linked as complementary concepts, where the former represents the knowledge base and the latter serves as the mechanism for its acquisition and improvement, as evidenced by their joint discussion in academic literature [1], [2], and [3]. Furthermore, financial education is frequently cited as a policy tool to foster financial literacy to achieve economic resilience and stability [4], [5].
Facts (5)
Sources
Analysing the behavioural, psychological, and demographic ... - OUCI ouci.dntb.gov.ua 2 facts
referenceThe study contributes to the literature on financial literacy in emerging economies and offers actionable insights for policymakers in Montenegro and similar contexts, highlighting financial education as a pathway to individual and national economic resilience.
claimThe study findings suggest that financial literacy can mitigate the impact of economic shocks, which emphasizes the need for policies that promote financial education as a tool for sustainable development.
The Psychology Behind Financial Choices: The Role of Cognitive ... tutoring.hsa.net 1 fact
perspectiveSatvik Agarwal argues that improving financial literacy alone is inadequate and that advanced financial education must incorporate an understanding of the psychological influences behind spending and saving to improve personal financial stability.
An Exploratory Study of the Wealthy's Investment Beliefs ... financialplanningassociation.org 1 fact
referenceAnnamaria Lusardi published 'Financial Literacy and the Need for Financial Education: Evidence and Implications' in the Swiss Journal of Economics and Statistics in 2019.
Understanding Behavioral Aspects of Financial Planning and Investing financialplanningassociation.org 1 fact
referenceMichael S. Finke and Sandra J. Huston's chapter 'Financial Literacy and Education' in the book 'Investor Behavior—The Psychology of Financial Planning and Investing' (2014) discusses the role of financial literacy and education.