The Importance of Financial Education for the Effective Use of Formal Financial Services (English)

This paper examines global data on unbanked and underbanked consumers to highlight the role that improved financial literacy and capability could play in motivating and enabling the safe and beneficial use of financial services. The paper uses data from Global Findex, a demand-side survey on ownership and use of accounts at formal financial institutions. The paper reviews the self-reported barriers to account ownership and use cited by unbanked adults...

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Author

Ansar,Saniya;

Klapper,Leora;

Singer,Dorothe;
Document Date
2023/03/07
Document Type
Policy Research Working Paper
Report Number
WPS10345
Volume No
1
Country
World,
Region
Other,
Disclosure Date
2023/03/07
Disclosure Status
Disclosed
Doc Name
The Importance of Financial Education for the Effective Use of Formal Financial Services

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Citation

Ansar,Saniya; Klapper,Leora; Singer,Dorothe.

The Importance of Financial Education for the Effective Use of Formal Financial Services (English). Policy Research working paper ; no. WPS 10345 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099346003072335535

The Importance of Financial Education for the Effective Use of Formal Financial Services (English)

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