Naslov (eng)

Financial Literacy in Terms of Quality of Life

Autor

Luburić, Radoica
Fabris, Nikola

Opis (eng)

Abstract: This paper deals with the influence of Financial Literacy on the Quality of Life. Bearing in mind that finances and financial literacy are constant and unavoidable companions of our lives, bringing with them numerous challenges, risks and temptations, they inevitably influence all segments of the Quality of Life. When individuals, organizations and society as a whole are financially literate, the conditions for achieving a better Quality of Life become much more favorable. To a certain extent, the Financial Literacy Indicators signal the health of the financial system and the economy as a whole. Unstable finances are a key cause of financial worries for people, which can greatly affect both their health and their Quality of Life. In the times in which we live, characterized as the digital age and with the increasing acceleration of change, a key question is whether, and to what extent, people are sufficiently financially literate, and what is being done to make the situation much better than it is now. Standard macro-economic indicators, traditionally used as measures of the well-being of society, are unable to always give a real and complete picture of the level of Financial Literacy or of the Quality of Life. In this paper, the key Indicators of Financial Literacy are identified and their influence on the Quality of Life is comprehensively examined, not only when seen through the prism of economics, but also through the many other factors that give people overall satisfaction, both in material and spiritual terms.

Jezik

engleski

Datum

2018

Licenca

© All rights reserved

Predmet

Keywords: Financial Literacy, Financial Literacy Indicators, Quality of Life, Indicators of the Quality of Life, The influence of Financial Literacy on the Quality of Life

Deo kolekcije (1)

o:28218

Ekonomski fakultet