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http://earchive.tpu.ru/handle/11683/33078
Title: | Financial literacy as a key factor for an individual’s social and economic well-being |
Authors: | Filippova, Tatiana Vasilievna Kashapova, Elmira Ramisovna Nikitina, Svetlana Sergeevna |
Keywords: | финансовая грамотность; социально-экономическое благополучие; единое информационное пространство |
Issue Date: | 2016 |
Publisher: | EDP Sciences |
Citation: | Filippova T. V. Financial literacy as a key factor for an individual’s social and economic well-being / T. V. Filippova, E. R. Kashapova, S. S. Nikitina // SHS Web of Conferences. — Les Ulis : EDP Sciences, 2016. — Vol. 28 : Research Paradigms Transformation in Social Sciences (RPTSS 2015) : International Conference, December 15-17, 2015, Tomsk, Russia : [proceedings]. — [01037, 5 p.]. |
Abstract: | Financial literacy is reviewed in the article as a factor influencing any individual’s well-being. Characteristics of a financially competent individual are defined. Behavioral mistakes impeding rational decision-making are outlined. Structures bearing the signs of financial pyramids are described as an example of their participants’ cognitive limitations. The importance of creating a common information area is stressed. This process is aimed at remedying negative consequences for all economic agents and preventing inefficient financial decisions when executing financial transactions. The major task of the process is to incorporate information about social and economic activity of institutions (state, business and non-governmental) and population in the common information area. Therefore, every economic agent will get prompt and trustworthy information. It will encourage an individual to make financially adequate decisions. The article also presents fundamental solutions for improving individuals’ well-being when raising their financial literacy. |
URI: | http://earchive.tpu.ru/handle/11683/33078 |
Appears in Collections: | Материалы конференций |
Files in This Item:
File | Description | Size | Format | |
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dx.doi.org-10.1051-shsconf-20162801037.pdf | 84,81 kB | Adobe PDF | View/Open |
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