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Promoting Better Lifetime Planning Through Financial Education (Hardcover)
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Promoting Better Lifetime Planning Through Financial Education (Hardcover)
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Surveys show that financial literacy levels are typically low
around the world, despite the widening access to financial services
and the increasing financial risks borne by households in many
countries. This suggests that there will be mounting challenges for
households and SMEs to invest wisely and effectively as societies
age and governments shift away from defined benefit to defined
contribution pension schemes. Individuals will increasingly have to
make complex financial decisions to plan for their retirement and
for a range of foreseen and unforeseen expenditures. All of these
developments suggest that financial education should be part of a
lifetime process that starts at an early age and is pursued
throughout adulthood.The contributions in this book came from a
symposium titled, Promoting Better Lifetime Planning through
Financial Education, organized by the Asian Development Bank
Institute, the Bank of Japan, the Japan Financial Services Agency,
and the Organisation for Economic Co-operation and Development,
held on 22-23 January 2015 in Tokyo.Amongst the topics discussed
were: effective pension management, financial education curricula
in schools, training for teachers of financial education,
internationally comparable data on financial literacy and the
evaluation of the effectiveness of financial education programs.
There are also case studies on financial inclusion, regulation, and
education in Indonesia, Pakistan, Philippines, Viet Nam, Thailand,
and Japan.
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