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Financial illiteracy, motivations and barriers to saving and investing by Spanish households

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dc.contributor.authorSilva, Ana Cristina
dc.contributor.authorGuyer, Joshua Jorg
dc.contributor.authorNúñez Letamendía, Laura
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2024-07-02T16:10:19Z
dc.date.available2024-07-02T16:10:19Z
dc.date.issued2017-10-01
dc.description.abstractAttaining a basic knowledge about financial terms and concepts is a prerequisite for individuals and families to be able to make good decisions about managing their financial resources. Financial decisions such as saving, investing, borrowing and risk-management require a basic understanding regarding the effects of inflation on the value of money over time, the effects of interest rates and their relationship to the cost of loans, and the effects of compound interest on the real value of savings and investments (S&P, 2014). If financial literacy in these areas is lacking, this greatly increases the difficulty of choosing the correct financial strategy, thus placing the economic stability and security of one’s family at risk, which is of particular concern given the relatively unstable current macroeconomic environment. Additionally, financial illiteracy also constrains individuals from actively participating in the overall economy, thus negatively impacting not only themselves but also the general economy (e.g., Lusardi and Tufano, 2015; Lusardi and de Bassa Scheresberg, 2013; Stango and Zinman, 2009).(Full book available at https://www.funcas.es/wp-content/uploads/Migracion/Publicaciones/PDF/2111.pdf)
dc.formatapplication/pdf
dc.identifier.citationNúñez-Letamendia, L., & Silva, A. C. (2017). Financial Illiteracy, Motivations and Barriers to Saving and Investing by Spanish Households. Improving Savings Culture. A Lifetime of Financial Education. FUNCAS Social and Economic Studies, 4. https://doi.org/10.5281/zenodo.5095111
dc.identifier.doihttps://doi.org/10.5281/zenodo.5095111
dc.identifier.isbn9788415722830
dc.identifier.publicationtitleImproving savings culture. A lifetime of financial education
dc.identifier.urihttps://hdl.handle.net/20.500.14417/2836
dc.language.isoeng
dc.licensehttps://creativecommons.org/licenses/by/4.0/legalcode
dc.page.final95
dc.page.initial77
dc.page.total18
dc.publisherFuncas
dc.relation.departmentFinance
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAtribución 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/legalcode
dc.subject.keywordAhorros
dc.subject.keywordInversiones
dc.subject.keywordConocimientos Financieros
dc.subject.keywordRecursos financieros
dc.subject.keywordAnalfabetismo financiero
dc.subject.keywordSavings
dc.subject.keywordInvestments
dc.subject.keywordFinancial Knowledge
dc.subject.keywordFinancial resources
dc.subject.keywordFinancial illiteracy
dc.titleFinancial illiteracy, motivations and barriers to saving and investing by Spanish households
dc.typeinfo:eu-repo/semantics/bookPart
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dspace.entity.typePublication
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