If not, how could it be improved? For financial literacy improvement, what is the most needed educational program, and to whom should it be addressed?
For example, do women need more financial education than men and, if so, at what age or at what income level? For financial literacy improvement, it might also be important to consider the influence of an educational level, the type of work, and an employment status.
Finally, it is necessary to look at the relationship between individual financial decisions and financial literacy, which is reflected in H8.
In order to verify the hypotheses, the direct research was carried out on test groups of consumers from Germany, Poland, Romania, Spain and the United Kingdom.
The study of financial literacy in selected countries was organized in 2012 in Poland and 2013 in the rest of the countries, on test groups of 600 people each.