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Autor/inKhalil, Medhat
TitelFinancial Citizenship as a Broader Democratic Context of Financial Literacy
QuelleIn: Citizenship, Social and Economics Education, 20 (2021) 1, S.3-16 (14 Seiten)
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ZusatzinformationORCID (Khalil, Medhat)
Spracheenglisch
Dokumenttypgedruckt; online; Zeitschriftenaufsatz
ISSN1478-8047
DOI10.1177/2047173420948411
SchlagwörterCitizenship; Money Management; Decision Making; Correlation; Well Being; Self Esteem; Socialization; Global Education; Life Satisfaction; Poverty; Social Change; Justice; Democracy; Social Responsibility
AbstractFinancial citizenship is crucial in our modern world. Financial citizenship is underpinned by the education of future generations so that they can understand both their local and global economies to make the best financial decisions concerning their lives. This paper discusses financial literacy, how it relates to individual citizens, and how it correlates with social, political and business spheres. According to current financial capability models, every individual's financial well-being can be boosted by developing their financial knowledge and competency, which will improve their motivations and confidence. Societal constructs significantly create financial socialization, which increases our accessibility and engagements with institutions, businesses, political systems and society as a whole. Being educated about the details required for financial literacy is every human being's right. Citizens have been characterized as being personally responsible, participatory or justice oriented; each person's specific perspective can impact their financial lives, which supports the importance of the current concept of financial citizenship. Boosting global education about economic citizenship will help to reduce poverty, create more sustainable economic environments, and improve social outcomes and the life satisfaction of the world population. These concepts will be explored and discussed in this paper. (As Provided).
AnmerkungenSAGE Publications. 2455 Teller Road, Thousand Oaks, CA 91320. Tel: 800-818-7243; Tel: 805-499-9774; Fax: 800-583-2665; e-mail: journals@sagepub.com; Web site: http://sagepub.com
Erfasst vonERIC (Education Resources Information Center), Washington, DC
Update2024/1/01
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