2022, September 13
#NUgoesGLOBAL
Financial literacy matters
2022, September 13
Share this articleDr Gabriele Lattanzio, Assistant Professor at the NU Graduate School of Business explores the importance of financial literacy in Money and Finance magazine.
Inflation is back. Interest rates are raising worldwide. Political instability is destabilizing the global economy, causing currencies to depreciate dramatically and eroding households’ savings at unprecedented rates in modern history. In this complex scenario, there is no substitution for knowledge. Empirical research has clearly established that households’ ability to accumulate and protect wealth over time is significantly lower for those whose members are less financially literate. This difference becomes even more pronounced during difficult times, exacerbating income inequality and leaving many behind. For all these reasons, it is crucial to understand that this is the time when sound financial decisions matter the most. Dr Gabriele Lattanzio, Assistant Professor at the NU Graduate School of Business explores the importance of financial literacy in Money and Finance magazine.
