Financial Literacy – The Urgent Need Today

Many of us understand the inability to read or write under the term of financial literacy. I this a number of areas which summarily called functional literacy, for example cultural literacy, emotional, media, financial, health literacy and so on. A key element in the decision making in all areas of our lives is financial literacy. Ability to understand financial products which normally people come into a contact is a reflection of financial literacy everyone. Global problem is inadequate level of financial literacy, therefore it is appropriate to research this issue in depth. The paper deals with defining literacy in a general way in the first part, further with financial literacy, selected surveys in this area as well as defining the indicators of financial education.