Published : 2017-06-15

Financial Awareness and Bank Inclusion of People Aged 50+ in the Light of Primary Research

Iwa Kuchciak



Artur Mikulec



Abstract

The financial education is seen as one of the key macrosocial determinants increasing the level of banking inclusion. Individuals with a good financial knowledge (theoretical and practical) are more able to improve the social position of households, ability to use banking products and consequently to manage and resolve any financial problems or opportunities connected with these products. The aim of the paper is to explore the relationship between the level of financial knowledge (both theoretical and practical), and selected demographic and socioeconomic characteristics, and identify the key factors differentiating the scope of?banking inclusion of people aged 50+. The paper presents the results of a survey carried out on the representative sample of 500 inhabitants of Lodz, aged 50+

Keywords:

financial knowledge, financial capability, banking inclusion



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Kuchciak, I., & Mikulec, A. . (2017). Financial Awareness and Bank Inclusion of People Aged 50+ in the Light of Primary Research. Safe Bank, 66(1), 149–173. Retrieved from https://ojs.bfg.pl/index.php/bb/article/view/267

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