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Article
Affiliation(s)

University of South Bohemia, České Budějovice, the Czech Republic

ABSTRACT

This paper analyses the need to deal with the issue of financial literacy and financial knowledge. This paper is focused on researching into the knowledge and understanding of the financial literacy of young people and ways leading to improving of the situation. The survey, undertaken in the Czech Republic, is based on a sample of students (in total 432) in part of South Bohemia. In the Czech Republic, there can be seen poor legislation, aggressive advertising and behaviours, low professionalism in some financial institutions, and fraud on one side and debts and problems on the other.

KEYWORDS

financial literacy, financial behaviour, educational system

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