Judit Sági|László Vasa|Csaba Lentner
Innovative solutions in the development of households’ financial awareness: A Hungarian example
Budapest Business University|Széchenyi István University|University of Public Service|Budapest Business University|Széchenyi István University|University of Public Service|Budapest Business University|Széchenyi István University|University of Public Service
financial crises put stress society country investigation whose financial vulnerability raising high indebtedness history defaulted loans insufficient level financial literacyin context financial awareness recognised means decreasing households exposure financial difficulties bridging crisis periods substantial precautionary holding liquid assets improving wellbeing longer periods timeraising financial awareness crucial policy aim investigated study wella questionnaire survey completed hungarian university students across different majors assess financial literacy level responders perspectivein addition investigated ebanking habitsaccording findings different student groups clusters identified means ward analysis significance clusters tested anovaour results confirm across clusters university students place trust nongovernmental organisations central bank foundations rather financial institutions evolving financial literacythis outcome study may provide argument designing policy incentives raising financial awareness institutionalised way relying role privately funded ngos central bank