Iryna Didenko|Karina Petrenko|Tomasz Pud?o
The role of financial literacy in ensuring financial inclusion of the population
Sumy State University|Sumy State University|West Pomeranian University of Technology
work summarizes arguments counterarguments framework scientific debate issue financial literacy main purpose research identify key factors behavioral patterns inherent managing personal finances systematization literary sources approaches solving problem insufficient level financial literacy among different segments population indicates necessary promote financial education population especially vulnerable segments concerns issues financial inclusion improvement financial education development practical skills making financial decisions urgency solving scientific problem caused rapid development financial services study problems theoretical foundations financial literacy work carried following logical sequence analysis publications analysis available databases statistical analysis methodological tools research python programming language particular stats models library object research patterns behavior personal finances article presents results empirical statistical analysis showed difference financial decisions individuals due age level education employment level family income financial decisions saving borrowing found related financial literacy influence financial confidence study empirically confirms theoretically proves financial literacy fundamental factor level financial wellbeing closely correlates financial behavior patterns results research useful scientific developments