Financial education

Financial education corresponds to the activity of teaching concepts, basic elements and methodologies of economic and financial sciences.
This pursues various purposes: the development of knowledge and conscious behavior in economic and financial matters to guarantee individuals or groups a correct administration and management of savings and capital resources over time; an understanding of real-life finance and economic-financial trends; knowledge of economic and fiscal rights and duties.
The OECD defines financial education "a process through which consumers, savers and investors improve their understanding of financial products and the underlying concepts and through instructions, information, advice develop attitudes and knowledge able to understand the risks and opportunities to make informed choices, where to receive support or help to make such choices and for the actions to be taken to improve one’s state and level of protection ".

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