Challenges and prospects of financial education of the Georgian population

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Published: Jan 20, 2025
DOI: https://doi.org/10.51582/interconf.19-20.01.2025.005
Keywords:
financial education, financial knowledge, financial behavior, financial attitudes, financial involvement, financial well-being
Issue
No. 53(232) (2025): 10th ISPC «Current Issues and Prospects for The Development of Scientific Research» (January 19-20, 2025; Orléans, France).
Section
Finance and Credit
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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Main Article Content

Temur Shakiashvili
Georgian Technical University
https://orcid.org/0000-0001-8908-7605
Merab Vanishvili
Georgian Technical University

Abstract

This article analyzes the latest literary sources and statistical data to assess the general level of financial education among the population of Georgia and identify challenges in this area. The study examines key components of financial education, including financial knowledge, behavior, attitudes, involvement, and well-being. Furthermore, the article discusses strategies for addressing these challenges and provides relevant recommendations.


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Article Details

How to Cite
Shakiashvili, T., & Vanishvili, M. (2025). Challenges and prospects of financial education of the Georgian population. Scientific Collection «InterConf+», (53(232), 47–56. https://doi.org/10.51582/interconf.19-20.01.2025.005
Author Biographies

Temur Shakiashvili, Georgian Technical University

Doctor of Economics, Assistant Professor

Merab Vanishvili, Georgian Technical University

Doctor of Economics, Professor

References

Organic Law of Georgia “On the National Bank of Georgia”. Article 47. https://matsne.gov.ge/ka/document/view/101044?publication=62

Shanava, Z., & Vanishvili, M. (2021). Financial education of the nation: challenges and perspectives. International Journal of Social Science and Economic Research, 6(12), 4646-4672

OECD Council Recommendation on Financial Literacy 2020

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Mixailovich, V. M., Nanuli, K., & Lali, O. (2021). The Saving Culture and Financial Goals Of Population In Georgia. European science review, (9-10), 35-40.

Shanava, Z., & Vanishvili, M. (2021). Analysis and evaluation of financial education of the population in Georgia. International Journal of Innovative Technologies in Economy, (4 (36)).

OECD/INFE 2020 International Survey of Adult Financial Literacy

OECD/INFE 2020 Financial Literacy of Adults in South East Europe

Gechbaia, B., Vanishvili, M., & Mushkudiani, Z. (2017). Segmentation of Georgian Population According to Financial Capabilities and Money Management Style. Available at SSRN 2986936.

OECD/INFE. (2021). Research on financial literacy of micro, small and medium entrepreneurs.