Every year, the Global Money Week It reminds us The importance of promoting financial education among young people. This week, held worldwide, aims to raise awareness about the impact that adequate financial education can have on people’s lives, especially if it starts from an early age.
In Balanz we understand that financial education is not only a key tool for the economic well -being of people, but also for him sustainable development of our society. Therefore, we are committed to providing accessible, quality and adapted content to the needs of all levels, from whom they just begin to explore the world of finance, to those who wish to deepen more advanced issues.
The current situation of financial education
Worldwide, the lack of financial education remains an important challenge. According to the report of the Organization for Cooperation and Development (OECD) on financial education of 2022, Only 33% of adults in OECD member countries have an adequate level of financial education. This implies that a high percentage of the population lacks the necessary tools to make informed economic decisions. This gap is even more pronounced in developing countries, where the lack of access to proper resources and education can be an obstacle to improve the quality of life of millions of people.
In Argentina, the data is not much more encouraging. According to him 2021 Financial Education Report of the National Securities Commission (CNV), Only 25% of Argentines have basic knowledge about personal finance.
In addition, a study by the Development Bank of Latin America and the Caribbean (CAF) and the Central Bank of the Argentine Republic (BCRA) reveals that Argentina obtained a score of 11.5 in financial education, obtaining the 37 of 39 economies evaluated. This report also emphasizes that only between 12 and 18% of respondents have solid knowledge about key financial concepts such as calculation of compound interest and the calculation of return.
These data show the path that remains to be traveled in the field of financial education and the importance of redoubled efforts to reverse this reality.
Balanz’s commitment to financial education
From Balanz University We work to bring knowledge closer to help more people and companies, from young people and adults, large companies and new entrepreneurs. Our goal: to facilitate Understanding the world of finance to enhance economic decisions. Our commitment is to continue developing educational programs that contribute to improving the relationship of people with money and promoting more conscious and effective financial management, contributing to the integral well -being of people.
Through our educational platform, we seek to democratize financial knowledge. Our content is oriented to training of individuals and companies, providing relevant resources and information for daily decision making, as well as to be able to plan and design long -term strategies. We know that, by providing people with this knowledge, we are contributing to the adoption of healthy habits that will impact the responsible management of finance, opening the door to a more stable and prosperous future.
In addition to the wide academic offer that we propose on our educational platform, also We visit universities, schools and companies in order to bring this knowledge directly to those who need it.
We know that financial education is fundamental and has a positive impact not only on personal finances, but it is a valuable capital that can be applied in various areas of life. By acquiring this knowledge, people not only improve their financial habits, but they can also transmit them to the following generations, promoting greater decision making, and, therefore, greater economic freedom.
The impact of financial education on decision making
A study by the OECD showed that the people who They have received financial education are more likely to save regularly and efficiently manage their debts, compared to those who have not received this type of training. Knowing how to manage money, and invest it properly, financial habits improve, optimizing income and facilitating compliance with the objectives that are achieved and contributing to greater stability.
These data underline the direct impact of financial education on the economic behavior of people and, therefore, in their long -term financial well -being.
Global Money Week reminds us that Financial education must be an essential pillar in the training of all people. The sooner we acquire this knowledge, the greater the benefits both personally and collectively. We firmly believe that, by teaching new generations to make conscious financial decisions, we are contributing to a more equitable society prepared for the challenges of the future.
Director of Balanz University
Source: Ambito
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