Affiliation:
1. Danubius University of Galati, Romania
2. “Al. I. Cuza” University of Iasi, Romania
3. National Bank of Romania, Romania
Abstract
Education has significant implications for the economic prosperity of every individual, community, and nation. Education allows us to accumulate knowledge and develop the skills necessary to become active citizens in society. The governments of many countries included education as an absolute priority in their programs, and the United Nations has included it in the central Sustainable Development Goals of the 2030 Agenda. The importance of approaching financial education as a research area grew with the outbreak of the global financial crisis in 2008 and currently represents one of the main objectives of educational reforms at the international level. Suddenly, the need to educate people to make correct and well-informed decisions grew and financial institutions developed their role in educating people of all ages, considering the possibility of enhancing financial inclusion. Thus, international and national institutions, organizations, academia, and practitioners created programs to improve people's financial skills and literacy.