EUTOPIA online guest lecture: Financial well-being and financial literacy inequalities in Romania

07 Decembrie 2023, 17:30 - 07 Decembrie 2023

Within the framework of the EUTOPIA Connected Learning Community on Inequalities in Contemporary Societies, you are invited to attend the online guest lecture on Financial well-being and financial literacy inequalities in Romania, delivered by Miruna Pochea from the Babeș-Bolyai University, on Dec 7 2023, 16h30-18h30 CET.

Financial education initiatives rapidly developed across the EU, motivated by various international factors such as financial exclusion, population ageing, increasing debt burden, lack of consumer knowledge or inefficient public good allocation. While these negative factors created an opportunity to multiply financial education programs, they also added an extra-layer of complexity for policy implementation. This study quantifies financial well-being and its determinants, including financial literacy, in Romania. It addresses the primary factors driving low levels of financial inclusion and the interdependence between financial system development and financial education. To understand the determinants of financial well-being in Romania, we conducted a survey using a questionnaire on 1,391 respondents. In general, the results reveal a notable inequality in the distribution of financial well-being among individuals, suggesting the persistence of a poverty trap perpetuated by structural economic deficiencies. In the absence of efficient public policies, the uneducated and low-income individuals do not have access to information being unable to save/ invest and participate in the financial system. A Q&A will follow.

To attend the lecture, please fill in this registration form at least one day before the lecture. You will receive the link to join the online lecture room a couple of days before the lecture.

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