Paper
Towards Sustainable Future: Financial Education for Low-income People in Poland
Presenting importance of financial education
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8 pages
This document is a note highlighting the importance of financial education in the daily needs of low income people. The document talks about the following:
- The meaning of financial education;
- A research study carried out on diagnosis of financial educational needs of people in Poland;
- Outcomes of the research study:
- Need for systematic savings and crisis management among the people;
- Lack of proper understanding of services rendered by the financial institutions.
- Addressing the needs of people by introducing various financial packages;
- The financial workshops conducted for people and effectiveness of these;
- Long term financial planning for households.
The document then discusses:
- The importance of financial education for youth;
- The possible mode of delivering financial education, including information about the various potential players that can play a major role in spreading the awareness;
- The role of financial institutions in financial education and the benefits accruing to them by means of such widespread awareness.
The document concludes by providing a list of activities that should be undertaken in order to ensure a sustainable growth in financially educated population in Poland.
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