Abstract
Financial literacy now appears to be a key component of a successful national economy and successful personal finance and budgeting. Financial education, financial consumer protection and financial inclusion are the goal of top country policies. For this reason, it is necessary to assess the levels of financial literacy in each country. There are several solutions for education in this field. The aim of the article is to state selected solutions that will support financial literacy of pupils at secondary school in the Czech Republic. Paper is starting point to this issue for future analysis. Digital dementia is one of the issues solved in the article. Advanced technologies and their use are some presented solutions as are web portals, learning management systems, PC and Internet games, social networks, blogs or other possibilities. Three web portals that can be used for getting higher competencies in financial literacy will be presented and evaluated at the end of the article. Primary and secondary sources were used in the processing of the article.
Highlights
Financial literacy, its importance, measuring issues, implementation of financial education programms and related topics are frequently discussed in academic and public environment
High level of financial literacy makes a large contribution to the financial well-being of individuals, because financially literate individuals are more likely to plan for retirement Almenberg & Save-Soderbergh, [1] more likely to participate in financial markets and perform better on their portfolio choice [2] and more likely to accumulate higher amounts of wealth (Lusardi & Mitchell, [3])
High level of financial literacy makes a large contribution to the financial well-being of individuals, because financially literate individuals are more likely to plan for retirement [11], more likely to participate in financial markets and perform better on their portfolio choice [12] and more likely to accumulate higher amounts of wealth [13], [14], [15], [16]
Summary
Its importance, measuring issues, implementation of financial education programms and related topics are frequently discussed in academic and public environment. High level of financial literacy makes a large contribution to the financial well-being of individuals, because financially literate individuals are more likely to plan for retirement Almenberg & Save-Soderbergh, [1] more likely to participate in financial markets and perform better on their portfolio choice [2] and more likely to accumulate higher amounts of wealth (Lusardi & Mitchell, [3]). In turn „lack of financial literacy was one of the factors contributing to ill-informed financial decisions and that these decisions could, in turn, have tremendous negative spillover” [4]. Digital media are omnipresent in our daily lives. This popularity is giving rise to fears about the possible negative consequences of computer and internet use. This popularity is giving rise to fears about the possible negative consequences of computer and internet use. [8]
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