Financial consumer protection and financial literacy in Asia in response to COVID-19

Financial consumer protection and financial literacy in Asia in response to COVID-19

Abstract

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.

Key aspects

Financial Literacy

Full content of the publication

Tags

Financial literacy

Authors

OECD

Web

Additional Information

Date published

15/01/2021

Document Type

Research

Geographies

Asia

Target

General

Pages

51

Source

OECD

Related publications

30 December 2021

Household financial burden and financial literacy survey – IEFIC

29 December 2021

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...

29 December 2021

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 taboo