The Uruguayans They worry about managing their personal finance and understand the main concepts of the economy, according to the main results of the First National Survey of Financial Capabilities, presented this Wednesday by the Central Bank of Uruguay (BCU) and CAF-Development Bank of Latin America and the Caribbean.
In his opening speech, the president of the BCU, Diego Labat, expressed that the survey allows us to take actions based on concrete data and added that the financial education It is a central point for the organism. In turn, he highlighted that the signing of an agreement with the National Public Education Administration It will allow, among other tasks, the training of teachers in the area.
The results indicate that, in general terms, the level of financial knowledge of the Uruguayans exceeds the regional average, according to bank authorities.
Along these lines, the BCU and the ANEP train teachers to include financial training in the educational system, within the framework of the activity, where the vice president of the BCU also participated, Washington Ribeiro; the head of the ANEP, Virginia Cáceres; and the CAF representative in Uruguay, Miguel Ángel Ostos, among other authorities.
What is the level of financial inclusion in Uruguay like?
The sample highlights that more than a third of Uruguayans reach adequate blood pressure values. financial inclusion. Among the results, it stands out that 90% worry about return money If you borrow it, 79% tend to worry about paying your bills. usual expenses, 77% carefully consider whether they can afford something before purchasing it and 71% personally monitor their financial affairs.
Furthermore, it is shown that the women They have greater decision-making power over finances in the home: 45% declare that they are responsible for financial choices, compared to 40% of men.
The best known financial product is Savings bank, followed by the credit card. Only 14% of the population claims to have a high level of knowledge about financial matters. On the other hand, 92% of Uruguayans understand the concept of inflation, while 90% understand the idea of risk.
Over the savings instruments Preferred by Uruguayans, 55% choose bank deposit accounts, 52% save cash at home and 38% do so in foreign currency.
Regarding savings tools, the expenditure cut It is the formula chosen by more than half of those surveyed, followed by savings or investment, the search for new sources of income and finally applying for credit.
The research analyzes financial inclusion, economic wellness, the knowledge, behavior, attitudes and capabilities of the population, segmented into categories such as gender, age, socioeconomic situation and educational level.
The National Financial Capabilities Survey was carried out following the methodology proposed by the Organization for Economic Cooperation and Development (OECD).
The possibility of including financial education in secondary school plans
consulted by Ambit on the possibility of financial education being included in secondary educational plans, the vice president of the BCU, Washington Ribeiro, He stated that “how and when is a question that the ANEP has to answer, but clearly it does because the Central Bank has an agreement with the ANEP and has been training teachers so that they in turn educate the children.”
“And as far as we know, the ANEP has in its projects and plans to incorporate financial education, I think not as a specific subject, but as part of others,” said the leader.
And he added that it is among the plans “to develop a national financial education plan to begin to give our children the greatest possible education in this sense through the educational system within what they can assimilate at their ages, so that in the future when they become adults they know how to handle themselves.”
For her part, the president of ANEP, Virginia Caceres, reported that “as of today, the technical teams that will begin to design the second and third year programs of baccalaureate, and of course the Central Bank technicians will also be there collaborating and sharing all their technical knowledge to continue advancing in the educational system that also includes topics of interest to students, to finally be building citizenship.”
Source: Ambito
