Perspectives on financial education, its importance, and impacts of its incorporation in the educational levels

This article is the result of research related to financial inclusion and the financial education training process. Its objective is to present an argumentative analysis on the importance and impacts of incorporating financial education from basic to professional education. It also seeks to make...

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Detalles Bibliográficos
Autores principales: Vázquez Carrillo, Nitzia, Díaz Mondragón, Manuel
Formato: Revistas
Lenguaje:Español
Publicado: Universidad de Cartagena 2021
Acceso en línea:https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/3646
Descripción
Sumario:This article is the result of research related to financial inclusion and the financial education training process. Its objective is to present an argumentative analysis on the importance and impacts of incorporating financial education from basic to professional education. It also seeks to make contributions from the historical perspective on the development of the subject at an international level and from the conceptual level, providing definitions of education, culture and financial inclusion that serve as a basis for future explorations and analysis. An argumentative analysis of the benefits that are unleashed from the personal and family, corporate level and finally at the country level with transversal repercussions. Benefits are discussed with a focus on issues related to the use of money, the administration of income and expenses, the alternatives of savings, investment and means of financing, financial management in the long term, elements inherent to financial decisions and reduction of vulnerabilities. In this sense, the transmission of knowledge on financial education from an early age provides long-term benefits, triggering improvements in decision-making both at the micro and macro levels. It allows an improvement in the management of financial services, make informed saving decisions about savings, investment, financing, and provides instruments for the protection of users, which as a whole reduces the vulnerabilities of economic actors.