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Why Is It Important To Learn Finances? Results Based On The Opinion Of Z Generation

Author

Listed:
  • Ágnes Csiszárik-Kocsir

    (Óbuda University, Keleti Faculty of Business and Management, Budapest, Hungary)

  • Mónika Garai-Fodor

    (Óbuda University, Keleti Faculty of Business and Management, Budapest, Hungary)

Abstract

The concepts of financial culture and financial literacy are today’s popular research topic. Numerous research and analyses deal with topic of the financial culture of the population, and whether it has improved nearly ten years aft er the crisis. Different dimensions of financial culture are distinguished and examined for different age groups of the population. Nowadays, there are no countries that have not taken steps to develop and expand financial knowledge, but these steps have mostly been delayed. Many organizations deal with measuring the financial culture on the national and international level. The results of investigations have already in many cases drawn attention to deficiencies, and to the areas needing development, which is necessary and important. Primary actors of development are educational institutions at the primary, secondary and tertiary level. But do students know the purpose of developing financial culture, do they recognize its importance? The aim of the study is to explore the views of studentsstarting higher education on financial culture, financial literacy, the main motivations and goals in order to train future generations for future challenges and expectations in finances.

Suggested Citation

  • Ágnes Csiszárik-Kocsir & Mónika Garai-Fodor, 2018. "Why Is It Important To Learn Finances? Results Based On The Opinion Of Z Generation," Poslovna izvrsnost-Business Excellence, University of Zagreb Faculty of Economics & Business, vol. 12(2), pages 41-57.
    • Handle: RePEc:zag:busexc:v:12:y:2018:i:2:p:41-57
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    References listed on IDEAS

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    1. Andrea Grifoni & Flore-Anne Messy, 2012. "Current Status of National Strategies for Financial Education: A Comparative Analysis and Relevant Practices," OECD Working Papers on Finance, Insurance and Private Pensions 16, OECD Publishing.
    2. Klapper, Leora & Lusardi, Annamaria & Panos, Georgios A., 2012. "Financial literacy and the financial crisis," Policy Research Working Paper Series 5980, The World Bank.
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