Boosting Financial Literacy: A Strategic Response to Household Economic Instability

Recent fluctuations in the global and local economy have emphasized the importance of equipping individuals with the necessary financial knowledge to navigate economic hardships. The study, conducted by the Center for Financial Studies, reveals that individuals who understand basic financial concepts—such as budgeting, interest rates, inflation, and investment risks—are more capable of managing income volatility and making informed financial decisions.

One key finding is the absence of structured financial education in schools, which leaves many adults unprepared for real-world financial challenges. Experts recommend the integration of financial literacy programs into educational curricula and public media campaigns to strengthen household financial stability and long-term planning.