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The Financial Education: Part of CSR, of Financial Institutions, and Public Authorities

The Financial Education: Part of CSR, of Financial Institutions, and Public Authorities

Copyright: © 2021 |Pages: 25
ISBN13: 9781799839880|ISBN10: 1799839885|ISBN13 Softcover: 9781799881308|EISBN13: 9781799839897
DOI: 10.4018/978-1-7998-3988-0.ch006
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MLA

Syed Abdul Rehman Khan, et al. "The Financial Education: Part of CSR, of Financial Institutions, and Public Authorities." Global Corporate Social Responsibility Initiatives for Reluctant Businesses, IGI Global, 2021, pp.101-125. https://doi.org/10.4018/978-1-7998-3988-0.ch006

APA

S. Khan, Z. Yu, M. Panait, L. Janjua, & A. Shah (2021). The Financial Education: Part of CSR, of Financial Institutions, and Public Authorities. IGI Global. https://doi.org/10.4018/978-1-7998-3988-0.ch006

Chicago

Syed Abdul Rehman Khan, et al. "The Financial Education: Part of CSR, of Financial Institutions, and Public Authorities." In Global Corporate Social Responsibility Initiatives for Reluctant Businesses. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-3988-0.ch006

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Abstract

Financial education is a process that must take place throughout the life of consumers, given the intensification of the process of financial and technological innovation materialized in the emergence of new financial products and ways of accessing them. The financial education programs must focus on capitalizing on and use of financial knowledge and skills by children, young people, and women. The education can create responsible financial behavior within consumers to efficiently manage resources throughout life, including periods of the current health crisis. COVID has demonstrated the importance of economic resilience and the ability of consumers to adapt to the turbulence specific to this period. The financial fragility faced by certain categories of consumers during this period demonstrates the need to implement financial education programs. There is a need to adopt radical changes that are taking place in the financial market under the impact of fintech.

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