Template-Type: ReDIF-Article 1.0

Author-Name: Eszter Hergar
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: hergare@mnb.hu
Author-Person:

Author-Name: Levente Kovacs
Author-Workplace-Name: University of Miskolc, Hungarian Banking Association
Author-Email: kovacs.levente@bankszovetseg.hu
Author-Person:

Author-Name: Erzsebet Nemeth
Author-Workplace-Name: Budapest Metropolitan University
Author-Email: enemeth@metropolitan.hu
Author-Person: pnm5

Title: The Status and Development of Financial Literacy in Hungary

Abstract: This essay provides an overview of the measures implemented in the last ten years to
improve financial literacy and awareness, presenting the steps taken by institutions,
civil organisations and the government to promote and develop financial literacy and
awareness, the specific topics addressed and the degree of success. Comparative
international surveys indicate an improvement in the public's financial awareness,
mainly in terms of financial knowledge, but further progress is needed in the area
of financial attitudes and the application of skills.

Classification-JEL: A13, D12, G51, G53, I2
Keywords: financial literacy development programmes, financial education, financial awareness, Hungary
Pages: 5-28
Volume: 23
Issue: 1
Year: 2024
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-23-1-ove1-hergar-kovacs-nemeth.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:23:y:2024:i:1:p:5-28