Vol. 7 No. 3 (2014)
Articles

HELP! What should i do? -the lack of financial knowledge in hungarian households

Published August 6, 2020
Annamária Horváthné Kökény
.
Szabina Horváth
.
pdf (hun) (Magyar)

APA

Horváthné Kökény, A., & Horváth, S. (2020). HELP! What should i do? -the lack of financial knowledge in hungarian households. Economica, 7(3), 116-121. https://doi.org/10.47282/ECONOMICA/2014/7/3/4413

Financial planning, the propensity to save and self-caring habits effect not only the households' financial management, but they effect the economical, political, social and cultural situation of the whole country. The intellectual skills of hungarians are undeveloped, which stems from the lack of financial literacy of individuals. More and more people realize the need for economic and financial knowledge since the 2008 economic crisis, and that the development of financial culture is essential. In our research we examined, how the financial awareness and the willingness to save of individuals and households can be influenced.