Towards financial literacy: a case of Slovakia

IF 1.2 Q4 BUSINESS

Entrepreneurship and Sustainability Issues Pub Date : 2023-03-30 DOI:10.9770/jesi.2023.10.3(19)

J. Táncošová, Marcel Lincényi, Michal Fabuš

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Abstract

. The level of financial literacy in the Slovak Republic has long been below the European Union average, which is confirmed by several surveys in recent years. In practice, this creates several problems. Almost a million Slovaks have at least one foreclosure, resulting from buying necessities on credit and then living in ever-increasing debt. Knowledge of finance and business among employees or budding entrepreneurs is also problematic. Conservative Slovaks also keep most of their money in products with zero interest and are afraid to invest and capitalize on their savings. The National Bank of Slovakia and the Slovak Bank Association have been calling for a change in school curricula for a long time because financially illiterate pupils eventually become poorly literate clients. The contribution's primary purpose was to analyze the state of financial education in secondary schools in the Slovak Republic, including a more effective design of the content and method of teaching financial literacy. More effective financial education could help reduce poverty in Slovakia and more effective financial and business literacy in society.

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迈向金融素养:以斯洛伐克为例

．斯洛伐克共和国的金融知识水平长期以来一直低于欧洲联盟的平均水平，近年来的几项调查证实了这一点。在实践中，这会产生几个问题。近100万斯洛伐克人至少有一处丧失抵押品赎回权，这是由于他们用信贷购买必需品，然后生活在不断增加的债务中。雇员或初出苗头的企业家的金融和商业知识也存在问题。保守的斯洛伐克人也把大部分钱放在无息产品上，害怕投资和利用他们的储蓄。斯洛伐克国家银行和斯洛伐克银行协会长期以来一直呼吁改变学校课程，因为不懂金融的学生最终会成为不懂金融的客户。这项贡献的主要目的是分析斯洛伐克共和国中学的金融教育状况，包括更有效地设计教学金融知识的内容和方法。更有效的金融教育有助于减少斯洛伐克的贫困，并有助于提高社会的金融和商业素养。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Entrepreneurship and Sustainability Issues BUSINESS-

自引率

5.90%

发文量

审稿时长

20 weeks

期刊介绍： ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES ISSN 2345-0282 (online) is a peer-reviewed scientific journal, serving as a platform to foster multi/interdisciplinary innovations that bring together the research communities and the end-users being affected. It is where theory meets practice, evident in the authors being experts across the industrial value chain – including business visionaries, regulatory and standards bodies, and especially pan-European networking through public and private sector partnerships (PPPs). Accepted papers present outcomes of initiatives and findings across all fields of science and technology, especially social sciences and humanities. Multi/interdisciplinary approach is encouraged. Recent additions to the already well-accomplished editorial board includes experts from the energy and information and communication technologies (ICT) sectors, particularly focused on advances to the state of the arts in environmental sustainability developments. This journal publishes original research papers that are rich with case studies of modern demonstrations, presenting innovative solutions to socio-economic and socio-technical problems that plague modern societies. It is a journal that is positioned as collaborative platform where theory meets practice, which is accomplished by publishing authors who’ve uncovered new linkages between data formulation and the underpinning theories, cases, observations, and validated hypotheses arising from the analysis of that data. ESI journal scope includes as well a particular focus on the business development side of smart electricity grids regarding financial or innovative technological aspects surrounding: renewable production, energy storage and management, construction materials, retrofitting, urban planning, and the trading of actors within emerging markets affected by energy supply and demand tradeoff.