Natia Surmanidze|Khatuna Tabagari|Zurab Mushkudiani|Maia Akhvlediani
Financial literacy exchange and its challenges in Post-Soviet Georgia
University of Georgia|Ilia State University|International Teaching University of Georgia|International Teaching University of Georgia|International Teaching University of Georgia|Akaki Tsereteli State University
financial literacy becoming urgent challenge many countries situation acute developing country soviet experience affected population advanced positions international financial machinations current period unmistakable proof low level financial awareness georgia present study aims determine impact student financial literacy consumer behavior georgia postsoviet country study uses statistical methods probabilistic nonprobabilistic sampling paper reviews foreign experience similar study conducted asia europe number interviewed respondents 295 students imereti region two universities region 35 total number students questionnaire consisted 21 questions respondents interviewed october middecember 2021 study shown financial awareness relatively low students perceive need raise financial education skills makes current situation even dramatic among positive trends 81 students ready raise level financial education reason georgian educational system needs reformed raise financial awareness studying essence elementary money simplest budget planning models study results showed conditions low financial awareness students cannot plan budget control use financial services effectively efficiently