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
Web
Additional Information
Date published
15/01/2021
Document Type
Research
Geographies
Asia
Target
General
Pages
51
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