Open AccessFinancial Literacy among Lebanese Youth
Author(s) -
Racha Ghayad,
Saria Hasan Shayya
Publication year - 2022
Publication title -
al-mağallaẗ al-duwaliyyaẗ li-našr al-buḥūṯ wa-al-dirāsāt
Language(s) - English
Resource type - Journals
ISSN - 2709-7064
DOI - 10.52133/ijrsp.v3.28.10
Subject(s) - financial literacy , finance , debt , business , pension , financial services , plan (archaeology) , financial plan , archaeology , history
Financial literacy is a skill needed by every individual to manage personal money, take daily financial decisions and plan for future. It is the understanding of basic financial concepts and implementing them into person’s life. Youth are tomorrow’s economy builders, for that they should understand the value of money so they can handle their finances better, know the importance of savings, budgeting, insurance, pension plans, etc… Financial services became more available and easily accessed, which put a pressure on youth to properly use them otherwise they will sink in debts, for that this research highlights on the importance of educating youth financially, the study is an empirical study that mainly evaluate to what extent do Lebanese youth have knowledge about their personal finance.