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Addressing Financial Risks and Uncertainties Through Financial Literacy Education: Recommendations, Resources, and Results

Addressing Financial Risks and Uncertainties Through Financial Literacy Education: Recommendations, Resources, and Results

Danielle McKain
Copyright: © 2019 |Pages: 20
ISBN13: 9781522572084|ISBN10: 1522572082|ISBN13 Softcover: 9781522586869|EISBN13: 9781522572091
DOI: 10.4018/978-1-5225-7208-4.ch010
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MLA

McKain, Danielle. "Addressing Financial Risks and Uncertainties Through Financial Literacy Education: Recommendations, Resources, and Results." Maintaining Financial Stability in Times of Risk and Uncertainty, edited by Abhishek Behl and Sushma Nayak, IGI Global, 2019, pp. 199-218. https://doi.org/10.4018/978-1-5225-7208-4.ch010

APA

McKain, D. (2019). Addressing Financial Risks and Uncertainties Through Financial Literacy Education: Recommendations, Resources, and Results. In A. Behl & S. Nayak (Eds.), Maintaining Financial Stability in Times of Risk and Uncertainty (pp. 199-218). IGI Global. https://doi.org/10.4018/978-1-5225-7208-4.ch010

Chicago

McKain, Danielle. "Addressing Financial Risks and Uncertainties Through Financial Literacy Education: Recommendations, Resources, and Results." In Maintaining Financial Stability in Times of Risk and Uncertainty, edited by Abhishek Behl and Sushma Nayak, 199-218. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-7208-4.ch010

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Abstract

The world is full of financial risks and uncertainties even for those who have financial literacy. There are many factors to consider when planning financially: the stock market, hyperinflation, and climate change all play roles and are unpredictable. This chapter will focus on the actions that are being taken to establish financial literacy across the world and the impact these actions have on individual financial stability. Although financial literacy certainly cannot eliminate the risks and uncertainties that accompany unforeseen events, it is one way to prepare for these events. Even in times of normalcy, lack of financial literacy can put individuals at an increased risk of financial instability. This chapter presents a variety of recommendations and resources for financial literacy education as well as the risks and uncertainties that accompany their use.

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