<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The recent financial crises that started in the USA and spread all over Europe highlighted the importance of research in the field of financial culture. A variety of research projects pointed out that the general population’s financial literacy is lacking basic knowledge. The ever changing economic climate, demographic changes, tendencies in the financial processing sector and the acceleration in product innovation put considerable pressure on the everyday decision making process of a household. The overview of the international and national research on the subject proves that the improving of the population’s, especially the young people’s financial literacy is a priority both in leading economic countries and in Hungary, too. The idea of financial culture is as complex as the variety of research into the topic proves it. This article aims to point out the complicated nature of the notion and the variety of research that has been inserted into it.</p></abstract>

The recent financial crises that started in the USA and spread all over Europe highlighted the importance of research in the field of financial culture. A variety of research projects pointed out that the general population’s financial literacy is lacking basic knowledge. The ever changing economic climate, demographic changes, tendencies in the financial processing sector and the acceleration in product innovation put considerable pressure on the everyday decision making process of a household. The overview of the international and national research on the subject proves that the improving of the population’s, especially the young people’s financial literacy is a priority both in leading economic countries and in Hungary, too. The idea of financial culture is as complex as the variety of research into the topic proves it. This article aims to point out the complicated nature of the notion and the variety of research that has been inserted into it.

Financial Literacy: Empirical Sociological Approaches

Szechenyi Istvan Management and Business Administration Doctoral School Sopron, Hungary

University of West Hungary, Faculty of Economics Sopron, Hungary

Acta Regionalia et Environmentalica

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Financial Literacy: Empirical Sociological Approaches"}

The recent financial crises that started in the USA and spread all over Europe highlighted the importance of research in the field of financial culture. A...

Financial Literacy: Empirical Sociological Approaches

Published Online: Aug 06, 2015

Page range: 20 - 24

DOI: https://doi.org/10.1515/aree-2015-0005

Keywords
financial culture/financial literacy, social structure, economic and financial decisions, financial crises

© Slovak University of Agriculture in Nitra

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Financial Literacy: Empirical Sociological Approaches

Published Online: Aug 06, 2015

Page range: 20 - 24

DOI: https://doi.org/10.1515/aree-2015-0005

Keywordsfinancial culture/financial literacy, social structure, economic and financial decisions, financial crises

© Slovak University of Agriculture in Nitra

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
financial culture/financial literacy, social structure, economic and financial decisions, financial crises