Radoica Luburić Thank you for starting this very important discussion. One challenge, in regards to your discussion of the need for more economic literacy, is the way money is becoming more abstract. Earlier, many families could take a certain amount of physical money out of the bank and plan for it to last for example a week. When the money was gone you would have to wait until next week to get more. If there was money left you could save it for something more fun or more long term than the necessary every day things. This is a very simple illustration of how physical money has an explicit intuitive way of giving the owner of the money understanding of how it works. Today the money is in many digital forms that require another level of economic literacy. In our country it is also very easy to get credit. This means that you can very easily get in a hopeless economical situation. The systems giving credit do not have an adequate level of responsibility to check the person wanting credit. Neither do they have the adequate level of responsibility to set limits for the one wanting credit that are sustainable for this person. This, in the very least, means that a citizen living in such a realm of possibilities needs an adequate sustainable level of economic literacy. One of our local banks promotes that children, before age 7, should get a electronic bank card to start training. They claim that their research shows that the younger children get used to using electronic and "virtual" money, the better their economic situation will be in the future.

I agree with you.

I agree with you. In a paper of Australian Academy of Accounting and Finance Review (AAAFR), Zeynep Çopur mentioned that,

" Financial literacy is one of four key factors, along with sufficient income, access to suitable and affordable financial products and appropriate regulation, identified as necessary for individuals to achieve positive financial outcomes and secure financial well-being. Financially literate consumers are more likely to be informed and confident, and therefore, better able to participate in economic life. Participation in economic life affects quality of life, the opportunities that people can pursue, their sense of security, and the overall economic health of society. "-- ( Link Text: https://pdfs.semanticscholar.org/a4ff/9e027e4fb5c122405e798c3c7a7dfe0b5f1c.pdf )

it affects qulaity of

life very much.

Dear Kjartan,

I completely agree with you. Thank you very much.

Best Regards,

Radoica

Dear Shirshendu,

Thank you very much for sharing the interesting text from Australia. I completely agree with their assessment.

Best Regards,

Radoica

I agree with you Dear Sir, especially it is closely related with planning.

Dear Dr. Luburic! The question you posted is so essential for individual as well as corporate decision making. I agree completely with the points you raised! I consider that cultural context and specific terms of cases in countries influence into a great extent the impact of financial literacy on quality of life. Intelligence quotient (IQ), emotional quatient (EQ), creative quatient (CQ) lead to different results with regard to adapaibility quotient (AQ):

Lisa Leong (2019). " Work is constantly changing, and to succeed you need to change with it. The good news is you can become more adaptable" BBC Worklife 22nd July 2019. Available at: https://www.bbc.com/worklife/article/20190718-adaptability-quotient

Yours sincerely, Bulcsu Szekely

Dear Bulcsy,

Thank you very much for contribution. The case studies you attached are certainly worth more serious study and consideration. The cultural and human aspects of financial education and literacy can not be ignored or dismissed when setting up guidelines for future projects in these areas. Anyway, I am sure that national culture has a great influence on financial literacy and education especially for children and youth.

Best Regards,

Radoica

Financial literacy, from my point of view, has a great impact on the quality of life. But financial literacy is only one of the factors that determine the quality of life. There are many factors. Some of them aren't in direct connect with the finance and the material world. The only mix of all factors can create a quality of life.

Dear Aleksandar,

Thank you very much for your reply. I agree with your comments.

Best Regards,

Radoica

How much is depends. But you should understand the one who is financially literate can manage the money well. So, it would be integral factor but still others also would affect the quality of life.

Financial literacy does not improve the quality of life but transforms people into slaves of private banks. People to live better need energy and products, not money. The quality of life only increases when the government and higher education is in the service of all citizens and eliminates the biggest formalized fraud of the last century: private control over the emission and monetary circulation, which transforms all economic and social processes into private speculation.

Not much, economic literacy does.

Financially literate consumers are more likely to be informed and confident, and therefore, better able to participate in economic life. Participation in economic life affects quality of life, the opportunities that people can pursue, their sense of security, and the overall economic health of society.

Dear colleagues,

I would like to add something about the influence of financial literacy on the quality of life.

Almost all the Financial Literacy Indicators, in a direct or indirect way, significantly affect the Quality of Life. This can be because of a complete lack of monetary resources or more commonly, through an inadequate level of financial literacy, a shortfall in the amount of money available to fund the activities which form the basis of the Quality of Life.

In order for a person to live well, it is necessary to have adequate financial and material conditions. Therefore, this indicator of the Quality of Life is influenced by all the indicators of financial literacy, because they basically determine the individual's ability to obtain the required financial and material means through hard work to enable a better life.

A large number of studies have shown that the greatest sources of stress for an individual are illness, the loss of someone close, and the loss of a job. Without employment and accordingly adequate economic security, it is difficult to provide for a quality life. As in the previous case, all the indicators of financial literacy impact on this indicator of the Quality of Life. A person who is not sufficiently aware of finances and their importance and does not have an adequate financial culture will hardly be able to provide economic security.

One of the most important factors in the success of each individual is an adequate level of education and training. Specific and highly-skilled knowledge is a prerequisite for many employment opportunities. Today, knowledge can become quickly obsolete and, therefore, the concept of "Lifelong learning" is increasingly being promoted. This means that people need to continuously invest in their knowledge, which often requires the allocation of significant financial resources. A person with adequate financial knowledge and well-managed risks will be able to allocate the funds needed for these purposes. The basic precondition for this is an adequate level of financial awareness and a serious attitude towards money, that is, the awareness of people that investment in education and training is not a cost, but a vital investment and beneficial in the long-term. In today's world, the application of advanced financial electronic platforms also requires adequate training for their proper use.

The indicators of Financial Literacy also affect some indicators of the Quality of Life, such as health and health care, the natural and living environment, personal security and respect for human rights and freedoms, although, perhaps, at first glance, is not easy to see a direct link.

We live in a time when quality health care is no longer entirely free and a significant number of health services require sizeable financial resources. That is why it is of great importance to have the financial knowledge and skills that can enable the acquisition of sufficient funds to meet these essential needs. This relationship between adequate financial knowledge and behavior best demonstrate whether a person is aware of the cost of his good health, and whether money is, in some respects more important than himself. Financial worries resulting from the poor management of financial risks can create such a level of stress that it can seriously endanger an individuals health.

One of the important indicators of quality of life is leisure and social activities. A person who has adequate financial knowledge and skills and who adequately manages financial risks can earn more money, reduce working hours, and thus increase their leisure time. In addition, leisure activities, such as travelling and holidays, the cinema or theatre, shopping, or hanging out with family and friends, are also largely dependent on money and how much someone is ready to set aside for these activities. This means that the relationship between finances and financial behavior often directly influences the quality of life enjoyed by an individual. In the same way, whatever our attitude to the natural and living environment, a lack of available resources for either donation or activism, could well be a determining factor in our relationship with it.

At a time when cyber-crime is becoming a widespread phenomenon, the issues of financial knowledge, financial skills and the use of electronic finance are very important. Under conditions of general uncertainty, and especially insufficient financial literacy, it is easy to become a victim of cyber-crime. This can, for example, remove the human right to privacy, cause the loss of significant funds and savings and even directly endanger personal security.

There is a very important link between the level of Financial Literacy and the Quality of Life enjoyed by individuals and society as a whole, and these two aspects form fundamental parts of our lives.

Best Regards,

Radoica Luburić

Dear Mr. Radoica Luburić

You made a very interesting and true link between financial literacy and cyber crime. Today, everything is online, as so as everyone's personal financial management. It's very easy to be deceived, bearing in mind that about 80% of information on the internet is false. If person is not well trained, including financial literacy aspect, it becomes an easy prey for cyber criminals.

Dear Radoica Luburic!

Almost everything you say looks very, very logical and convincing. Your point of view is based on the relationship between the level of financial competence of the population and its quality of life. However, in my opinion, this is not enough, because it does not take into account at least three important aspects.

FIRST. I think financial competence is necessary to ensure a high quality of life, but it alone is not enough for this. Imagine two runners. The 1st of them can run faster than the 2nd. But he does not run anywhere, because he does not need to run somewhere. And the 2nd runs slower than the 1st, but it runs slowly to the finish line and reaches it before the 1st. The possible running speed is the level of financial competence. And what does it depend on whether a person will run or not? This does not depend on the level of financial competence, but on goals, values, and motivations, as well as on willpower, which is something very different from the level of financial competence.

SECOND. Man does not live in an airless space, but in society. In this society, there are different States, and they have governments, regions and governments of regions, cities and municipalities. Their social and financial policies also play a huge role in ensuring a high level of quality of life.

I will focus a little on financial policy, especially investment policy. Usually, the feasibility of investments is considered solely from the point of view of the investor, how much they will return to him, whether the investment will give him a profit (ROI). However, there is another sense of investment that I think is more important. This is the effect that investments have on the actual subject area they are directed to. I see investment as a factor in managing the quality of life.

THE THIRD. In addition to financial competence, goals, values and motivations, and government policies at different levels of its structure, there are many other significant factors that affect the quality of life. I would single out among these other factors in their environment.

In addition, you can not talk about all this on a speculative level, even if convincingly, but you can simply explore it and find out. I have a methodology and software tools (ask analysis and intelligent Eidos system) that allow me to conduct such research.

I have a lot of work on this:

https://www.researchgate.net/publication/331769849_SEMANTIC_INFORMATION_MODEL_OF_MANAGEMENT_OF_AGROINDUSTRIAL_COMPLEX

Tkachev A. N. Quality of life of the population as an integral criterion for evaluating the effectiveness of the regional administration / A. N. Tkachev, E. V. Lutsenko / / Politematic network electronic scientific journal of the Kuban state agrarian University (Scientific journal of kubgau) [Electronic resource]. - Krasnodar: Kubgau, 2004. – No. 02 (004). P. 171 – 185. – IDA [article ID]: 0040402014. - Access mode: http://ej.kubagro.ru/2004/02/pdf/14.pdf, 0.938 C. p. l.

Tkachev A. N. Research of a multi-level semantic information model of the impact of investments on the quality of life of the population of the region / A. N. Tkachev, E. V. Lutsenko / / Politematic network electronic scientific journal of the Kuban state agrarian University (Scientific journal of kubgau) [Electronic resource]. - Krasnodar: Kubgau, 2004. – No. 04 (006). Pp. 228-267. – IDA [article ID]: 0060404019. - Access mode: http://ej.kubagro.ru/2004/04/pdf/19.pdf, 2.5 C. p. l.

Tkachev A. N. Formal statement of the problem and synthesis of a multi-level model of the impact of investments on the economic component of the quality of life / A. N. Tkachev, E. V. Lutsenko / / Polytematic network electronic scientific journal of the Kuban state agrarian University (scientific journal of kubgau) [Electronic resource]. - Krasnodar: Kubgau, 2004. – No. 04 (006). S. 185 – 213. – IDA [article ID]: 0060404017. - Access mode: http://ej.kubagro.ru/2004/04/pdf/17.pdf, 1,812 C. p. l.

Lutsenko E. V. ask-analysis of the impact of environmental factors on the quality of life of the population of the region / E. V. Lutsenko / / Politematic network electronic scientific journal of the Kuban state agrarian University (Scientific journal of Kubgau) [Electronic resource]. - Krasnodar: Kubgau, 2015. - No. 06 (110). S. 1 – 37. – IDA [article ID]: 1101506001. - Access mode: http://ej.kubagro.ru/2015/06/pdf/01.pdf, 2,312 C. p. l.

Justification of the choice of the method for studying the influence of environmental factors on various aspects of the quality of life of the population of the region / E. V. Lutsenko, V. I. Loiko, T. P. Baranovskaya, S. A. Kurnosov / / Politematic network electronic scientific journal of the Kuban state agrarian University (Scientific journal of Kubgau) [Electronic resource]. - Krasnodar: Kubgau, 2016. – No. 08(122). P. 18 – 31. – IDA [article ID]: 1221608002. - Access mode: http://ej.kubagro.ru/2016/08/pdf/02.pdf, 0.875 C. p. l.

Development of intellectual technology for studying the influence of environmental factors on various aspects of the quality of life of the population of the region / E. V. Lutsenko, V. I. Loiko, T. P. Baranovskaya, S. A. Kurnosov / / Politematic network electronic scientific journal of the Kuban state agrarian University (Scientific journal of kubgau) [Electronic resource]. - Krasnodar: Kubgau, 2016. – No. 08(122). C. 1 – 17. – IDA [article ID]: 1221608001. - Access mode: http://ej.kubagro.ru/2016/08/pdf/01.pdf, 1,062 C. p. l.

Lutsenko E. V. Automated system-cognitive analysis of the impact of environmental factors on the quality of life of the population of the region / E. V. Lutsenko / / Polytematic network electronic scientific journal of the Kuban state agrarian University (Scientific journal of kubgau) [Electronic resource]. - Krasnodar: Kubgau, 2017. – No. 08(132). S. 1418 – 1423. – IDA [article ID]: 1321708116. - Access mode: http://ej.kubagro.ru/2017/08/pdf/116.pdf, 0.375 cu. p. l.

Lutsenko E. V. Theory of information and cognitive technologies in managing the quality of life of the population of the region through investments in agriculture / E. V. Lutsenko, T. P. Baranovskaya / / Polytematic network electronic scientific journal of the Kuban state agrarian University (Scientific journal of kubgau) [Electronic resource]. - Krasnodar: Kubgau, 2017. - No. 09(133). C. 1 – 7. – IDA [article ID]: 1331709001. - Access mode: http://ej.kubagro.ru/2017/09/pdf/01.pdf, 0.438 C. p. l.

Lutsenko E. V. System-cognitive analysis in the management of nomenclature and volumes of purchase and sale of products in a commercial agricultural firm: setting the task / E. V. Lutsenko, V. I. Loiko, T. P. Baranovskaya / / Polytematic network electronic scientific journal of the Kuban state agrarian University (Scientific journal of kubgau) [Electronic resource]. - Krasnodar: Kubgau, 2017. - No. 09(133). S. 730 – 734. – IDA [article ID]: 1331709055. - Access mode: http://ej.kubagro.ru/2017/09/pdf/55.pdf, 0.312 C. p. l.

Lutsenko E. V. Synthesis of system-cognitive models of the influence of environmental factors on the quality of life of the population of the region / E. V. Lutsenko, T. P. Baranovskaya / / Politematic network electronic scientific journal of the Kuban state agrarian University (Scientific journal of kubgau) [Electronic resource]. - Krasnodar: Kubgau, 2017. – No. 10(134). S. 1 – 13. – IDA [article ID]: 1341710001, doi: 10.21515/1990-4665-134-001. - Access mode: http://ej.kubagro.ru/2017/10/pdf/01.pdf, 0.812 C. p. l.

Дорогой Radoica Luburic!

Практически все, что Вы говорите, выглядит очень и очень логично и убедительно. Ваша точка зрения основывается на взаимосвязи между уровнем финансовой компетентности населения и его качеством жизни. Однако, на мой взгляд, этого недостаточно, т.к. не учитывает по крайней мере трех важных аспектов.

ПЕРВОЕ. Я думаю финансовая компетентность необходима для обеспечения высокого качества жизни, но ее одной недостаточно для этого. Представьте себе двух бегунов. 1-й из них может бегать быстрее 2-го. Но он никуда не бежит, т.к. ему не нужно куда-то бежать. А 2-й бегает медленнее 1-го, но он медленно бежит к финишу и достигает его раньше 1-го. Возможная скорость бега - это уровень финансовой компетентности. А от чего же зависит будет бежать человек или нет? Это зависит не от уровня финансовой компетентности, а от целей, ценностей и мотиваций, а также от волевых качеств, которые представляют собой нечто сильно отличающееся от уровня финансовой компетентности.

ВТОРОЕ. Человек живет не в безвоздушном пространстве, а в обществе. В этом обществе есть разные государства, а в них есть правительства, регионы и правительством регионов, города и муниципалитеты. Их социальная и финансовая политика также играет огромную роль в обеспечении высокого уровня качества жизни.

Остановлюсь немного на финансовой политике, прежде всего политике инвестиций. Обычно целесообразность инвестиций рассматривается исключительно с точки зрения инвестора, на сколько они к нему вернутся, даст ли ему прибыль вложение средств (ROI). Однако есть и другой смысл инвестиций, который я считаю более важным. Это эффект, который дают инвестиции в самой реальной предметной области, в которую они направлены. Я рассматриваю инвестиции как фактор управления уровнем качества жизни.

ТРЕТЬЕ. Кроме финансовой компетентности, целей, ценностей и мотиваций, политики государства на разных уровнях его структуры, есть еще много других существенных факторов, влияющих на качество жизни. Я бы выделил среди этих остальных факторов них экологию.

Кроме того обо всем этом можно не рассуждать на умозрительном уровне, пусть даже и убедительно, а можно просто это исследовать и узнать. У меня есть методология и программный инструментарий (АСК-анализ и интеллектуальная система Эйдос), позволяющие проводить подобные исследования.

У меня об этом есть много работ:

https://www.researchgate.net/publication/331769849_SEMANTIC_INFORMATION_MODEL_OF_MANAGEMENT_OF_AGROINDUSTRIAL_COMPLEX

Ткачев А.Н. Качество жизни населения, как интегральный критерий оценки эффективности деятельности региональной администрации / А.Н. Ткачев, Е.В. Луценко // Политематический сетевой электронный научный журнал Кубанского государственного аграрного университета (Научный журнал КубГАУ) [Электронный ресурс]. – Краснодар: КубГАУ, 2004. – №02(004). С. 171 – 185. – IDA [article ID]: 0040402014. – Режим доступа: http://ej.kubagro.ru/2004/02/pdf/14.pdf, 0,938 у.п.л.

Ткачев А.Н. Исследование многоуровневой семантической информационной модели влияния инвестиций на уровень качества жизни населения региона / А.Н. Ткачев, Е.В. Луценко // Политематический сетевой электронный научный журнал Кубанского государственного аграрного университета (Научный журнал КубГАУ) [Электронный ресурс]. – Краснодар: КубГАУ, 2004. – №04(006). С. 228 – 267. – IDA [article ID]: 0060404019. – Режим доступа: http://ej.kubagro.ru/2004/04/pdf/19.pdf, 2,5 у.п.л.

Ткачев А.Н. Формальная постановка задачи и синтез многоуровневой модели влияния инвестиций на экономическую составляющую качества жизни / А.Н. Ткачев, Е.В. Луценко // Политематический сетевой электронный научный журнал Кубанского государственного аграрного университета (Научный журнал КубГАУ) [Электронный ресурс]. – Краснодар: КубГАУ, 2004. – №04(006). С. 185 – 213. – IDA [article ID]: 0060404017. – Режим доступа: http://ej.kubagro.ru/2004/04/pdf/17.pdf, 1,812 у.п.л.

Луценко Е.В. АСК-анализ влияния экологических факторов на качество жизни населения региона / Е.В. Луценко // Политематический сетевой электронный научный журнал Кубанского государственного аграрного университета (Научный журнал КубГАУ) [Электронный ресурс]. – Краснодар: КубГАУ, 2015. – №06(110). С. 1 – 37. – IDA [article ID]: 1101506001. – Режим доступа: http://ej.kubagro.ru/2015/06/pdf/01.pdf, 2,312 у.п.л.

Обоснование выбора метода исследования влияния экологических факторов на различные аспекты качества жизни населения региона / Е.В. Луценко, В.И. Лойко, Т.П. Барановская, С.А. Курносов // Политематический сетевой электронный научный журнал Кубанского государственного аграрного университета (Научный журнал КубГАУ) [Электронный ресурс]. – Краснодар: КубГАУ, 2016. – №08(122). С. 18 – 31. – IDA [article ID]: 1221608002. – Режим доступа: http://ej.kubagro.ru/2016/08/pdf/02.pdf, 0,875 у.п.л.

Разработка интеллектуальной технологии исследования влияния экологических факторов на различные аспекты качества жизни населения региона / Е.В. Луценко, В.И. Лойко, Т.П. Барановская, С.А. Курносов // Политематический сетевой электронный научный журнал Кубанского государственного аграрного университета (Научный журнал КубГАУ) [Электронный ресурс]. – Краснодар: КубГАУ, 2016. – №08(122). С. 1 – 17. – IDA [article ID]: 1221608001. – Режим доступа: http://ej.kubagro.ru/2016/08/pdf/01.pdf, 1,062 у.п.л.

Луценко Е.В. Автоматизированный системно-когнитивный анализ влияния экологических факторов на качество жизни населения региона / Е.В. Луценко // Политематический сетевой электронный научный журнал Кубанского государственного аграрного университета (Научный журнал КубГАУ) [Электронный ресурс]. – Краснодар: КубГАУ, 2017. – №08(132). С. 1418 – 1423. – IDA [article ID]: 1321708116. – Режим доступа: http://ej.kubagro.ru/2017/08/pdf/116.pdf, 0,375 у.п.л.

Луценко Е.В. Теория информации и когнитивные технологии в управлении качеством жизни населения региона через инвестиции в АПК / Е.В. Луценко, Т.П. Барановская // Политематический сетевой электронный научный журнал Кубанского государственного аграрного университета (Научный журнал КубГАУ) [Электронный ресурс]. – Краснодар: КубГАУ, 2017. – №09(133). С. 1 – 7. – IDA [article ID]: 1331709001. – Режим доступа: http://ej.kubagro.ru/2017/09/pdf/01.pdf, 0,438 у.п.л.

Луценко Е.В. Системно-когнитивный анализ в управлении номенклатурой и объемами закупки-реализации продукции в торговой агрофирме: постановка задачи / Е.В. Луценко, В.И. Лойко, Т.П. Барановская // Политематический сетевой электронный научный журнал Кубанского государственного аграрного университета (Научный журнал КубГАУ) [Электронный ресурс]. – Краснодар: КубГАУ, 2017. – №09(133). С. 730 – 734. – IDA [article ID]: 1331709055. – Режим доступа: http://ej.kubagro.ru/2017/09/pdf/55.pdf, 0,312 у.п.л.

Луценко Е.В. Синтез системно-когнитивных моделей влияния экологических факторов на качество жизни населения региона / Е.В. Луценко, Т.П. Барановская // Политематический сетевой электронный научный журнал Кубанского государственного аграрного университета (Научный журнал КубГАУ) [Электронный ресурс]. – Краснодар: КубГАУ, 2017. – №10(134). С. 1 – 13. – IDA [article ID]: 1341710001, doi: 10.21515/1990-4665-134-001. – Режим доступа: http://ej.kubagro.ru/2017/10/pdf/01.pdf, 0,812 у.п.л.

In today's total monetary economy, financial literacy is a matter of survival.

A good life is dependent upon these key survival techniques.

https://www.fastweb.com/student-life/articles/the-5-key-components-of-financial-literacy

Financial Literacy means the knowledge of managing one's resources and money to lead a balanced life. Financial literacy is not about only savings but also about making smart decisions for your hard earned income and not falling prey to excessive greed or other compelling factors. Financial Literacy has many constructs and timely investment decisions is one of the constructs. Also knowledge of Portfolio management. How much of the income can you risk? How much can you save? How much will you spend in insurance. etc. ?Have you made life will? are some of the important questions of Financial Literacy.

Infact in some cases late gratification also.

Best regards

Munira Tharwani

I think if the level of financial culture of comunitiy is increase especially in developing country our financial condition and life will be better

negative effect

Radoica Luburić , I do verily like to find out. Following the answers.

I have only partially, and in a particular sense, examined financial literacy. The case was Rwanda, and was related to the country being introduced to literacy in the early 1900s by Belgian missionaries, who created a Kinyarwanda-French dictionary with which they were able to teach people (the country) reading, writing and numeracy for the first time in their history. The resulting financial literacy, immediate and over time, allowed for the simplest, as well as more sophisticated, socio-economic changes, locally, regionally, and nationally. Simple operations, such as having receipts for sales and purchases of goods, weights and measures, and dealing with a whole raft of administrative rules and necessities became part of life that had never existed before. Literacy and numeracy made almost everything in life standard and permanent in a way it had not been possible before, by having records.

Financial literacy, therefore, as Rwanda's case has shown, is inseparable from literacy. It also operates on various socio-economic levels, affecting people within and across those levels in different ways, as a Critical Realist methodology, for example, quickly reveals. Radoica Luburić , your chart delineates a valuable number of categories related to financial literacy, and only needs fleshing out by data and interrelated comparisons/findings.

Concerning quality of life, it is axiomatic that people in a money economy require a minimum amount of money to meet their basic needs. How and why they acquire and administer their money and what could be called "assets" (in various societies and cultures) has multi-variants related to self-perceived needs, desires, and restrictions. How happiness is related to finance is not a given but varies tremendously across cultures and circumstances (married/single, children/no children, education, rural/urban, profession, etc.), and at a particularly low level of income, education, situation, financial literacy has little individual meaning, since opportunity is almost non-existent. In such circumstances, outside influences, such as the Garmin Bank project, are necessary to jump start opportunity and change in financial possibilities and awareness.

But government (taxes, all kinds of financial regulations, dealing with other countries, support for education, banking, and almost countless other things), and religion (that is, theocratically-heavy societies/cultures) are always principal factors, touching everything in one's life, and therefore one's decisions, financial or otherwise. So, consideration of financial literacy must inevitably take those two things into account.

Money not everything in life, Who said that

Financial education is one of the great intellectual scams of the last centuries, through which the thinking of the new generations is diverted from the essence of their work: to produce energy and goods or to acquire and use (speculatively) money ?? Also, through this education, the existence of the issuance and circulation of money under private control is renewed as a normality, the biggest official scam of this century, which transforms the whole economy into a private speculation, an instrument of polarization of wealth, ie self-destruction. of mankind. In order to live better, people do not need money but various forms of energy and goods. Energy and goods are produced only with professional education, raw materials that nature provides for FREE and time. Only the exchange of energy and goods requires "money as an instrument of exchange", not as an independent good! Consequently, money has value if there is energy and the goods necessary for decent living, otherwise they are just a hoax!