Steps taken to eradicate financial literacy around the globe
Answers
Explanation:
They also end up borrowing more and saving less ... Given the many ways financial literacy affects financial behavior (Lusardi and At its peak, it took less than 20 days for prices to.
Answer:
First, in our digital age we have to utilise effectively the use of power of mediums like a computer, mobile and Internet to enable people to have the skills, knowledge or information about financial instruments.
Second, we must ensure people then have the ability to critically understand the content they have received through digital means and lastly apply it to the best of their knowledge and capacity.
Third, adult Education Financial education should form an integral part of the adult education.
Fourth, Self Help Groups have helped in the spread of financial education as its discipline requires the groups to maintain accounts and make budgets. The good work needs to be carried forward and put on a firm basis.
Finally, approach Microfinance Institutions. These have been running successful financial education programs for their borrowers.