Review of research on financial literacy and education of Poles

Abstract

The principal objective of this review is to determine whether the conducted studies provide a diagnosis of Poles’ financial literacy and of financial education efforts undertaken in Poland. To make this evaluation, we first analysed the issues, which the studies are focused on and presented their key results synthetically. We further analysed which groups participate in these studies and what institutions commission such research. The summary, in addition to conclusions resulting from the considerations presented, offered initial recommendations which, if implemented, could contribute to better verification of Poles’ financial literacy and knowledge in empirical studies. The authors first reviewed the literature, which resulted in defining conceptual boundaries of terms critical to the topic of this paper. The core research material consisted of selected reports from studies of financial literacy and education of Poles and an analysis of those studies.