The Importance Of Financial Literacy
Posted on:
11/05/12Financial markets have become more complex and individuals are faced with a proliferation of new investment products. Investment opportunities have expanded beyond national borders, permitting individuals to invest in a broad range of assets and currencies. However, as the financial crisis has made clear, it is very hard to navigate this new financial system, and the consequences of mistakes can be devastating. This study explores how well equipped are individuals to make financial decisions and how much do individuals know about economics and finance?