It has long been understood that financial literacy and financial inclusion can increase household's financial resilience. That is especially true in times of economic crises, such as that of the current Covid-19 pandemic. People with financial skills can better plan, save for retirement, and accumulate more wealth. Adept at modern financial … [Read more...] about Financial Literacy in Suriname
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Financial Literacy in the Caribbean: The Case of Barbados
The COVID-19 pandemic has exposed households’ financial fragility. Prior to the pandemic, six out of ten people in Latin America and the Caribbean reported they lack the resources to cover an emergency, and among the poorest quintile, the figure was only two out of ten. As in the 2008 financial crisis, COVID-19 has revealed the need to advance a policy agenda aimed at … [Read more...] about Financial Literacy in the Caribbean: The Case of Barbados
The Surprising Impact of Teaching Financial Literacy in Schools
In recent years, Latin America and the Caribbean has made important strides in improving access to financial services and products. But use of these services remains stubbornly low. Only around 54% of the region's people have an account at a financial institution or through a mobile money provider, according to the World Bank's Findex. Moreover, in some countries the figure is … [Read more...] about The Surprising Impact of Teaching Financial Literacy in Schools
Financial Literacy Programs Can Benefit Both Children and Adults
To become an adult without knowing how to manage money is to risk financial instability, debt, and a meager retirement. Moreover, most evidence suggests it is extremely difficult to change the financial behavior of adults. They may not have time for financial literacy programs and, besides, may be too set in their ways. On the other hand, working with children and teenagers … [Read more...] about Financial Literacy Programs Can Benefit Both Children and Adults