The COVID-19 pandemic has created financial and economic turmoil on a global scale, and economies in Asia-Pacific have not been spared.
Financially resilient consumers are less likely to face hardship in the event of a downturn, and more likely to be able to bounce back quickly when things start to improve. Data from the OECD/INFE 2020 International Survey of Adult Financial Literacy, collected before the pandemic, shows variations in people’s financial resilience in the region, for example in terms of people struggling to make ends meet, having savings buffers to cover unexpected shortfalls or experiencing financial stress.
Full content of the publication
Household financial burden and financial literacy survey – IEFIC
GFLEC’s Decennial Journey and Impact
Ten years ago, the Global Financial Literacy Excellence Center (GFLEC) launched with a clear vision: a future in which e...Read more
Financial Literacy and Inclusion Campaign: The US must confront financial illiteracy head-on
We freely discuss which vaccine we received. But conversations about money are somehow tabooRead more