Financial Education in Eastern European Countries

Abstract

In the context of economic disparities among the countries of the European Union, the paper analyses the status of financial literacy for people living in East European countries, the way to increase financial knowledge through financial education, and finally leading to a higher and more effective financial inclusion. Economic gaps are a major challenge for Eastern European countries. Their recovery can be done through efficient public policies harmonized with actions to increase the degree of financial education of the population. Policymakers, public institutions, and non-profit organizations involved in financial education matters can benefit from this analysis and conclusion just as much as researchers.