What is the connection between a break-even wedding and financial education? What about us and the rectangular piece of plastic on which we receive our monthly salary?
And speaking of wages, how important is it to calculate the net of the total to be sure what and how many contributions are being paid? Using several “everyday” examples, World Bank education specialist Alina Sava explained to “Panorama” why financial education is important for each of us.
In Romania, financial problems are a critical point. According to the largest global study conducted in 2014 by Standard&Poor’s agency in 140 countries, we are lagging behind in the EU, as only 22% of the population is financially literate. We could also see this in the documentary “Why we live today for tomorrow. The complex story of Romanians’ relationship with money”, prepared by Panorama in partnership with McKinsey Romania.
However, our relationship with money and financial systems can be improved through education. Just like we learn to write, read or count. And here the responsibility cannot be placed solely on the shoulders of the school, – explains Alina Sava, who has more than 20 years of experience in creating, implementing and evaluating educational policies and programs.
Read the article on Panorama.ro
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.