Notably, the concept of financial literacy is based on the aptitude of individuals to comprehend and righteously make use of financial skills along with budgeting, investment planning process, and personal financial management. Hence, the economists claim that the financial literacy is apparently the main foundation of one’s association with the money, and thus it plays a vital role in improving the overall financial planning process of individuals.
However, the issue pertaining to financial literacy management becomes complicated for students particularly when they are writing their financial thesis on this contemporary topic. Hence, they need to acquire a finance thesis help from professionals who can guide them to select the best financial thesis topics related to financial literacy.
Before commencing the thesis on financial literacy, it is vital to assess that, this subject area is highly extensive and prevalent as many experts in the news article like CNBC have published in 2021 that “Financial Literacy Education Can Save Our Nation From Economic Ruin.”
Financial literacy education in the underserved societies are required to be the national priority, and therefore; conducting a research on this topic is highly essential in the era when the country is facing high inflation rate combined with the recession that has struck the nation after the emergence of COVID-19. Students can obtain the Best Financial Thesis Help from professionals because writing a thesis does not mean just rushing over words (thedissertationhelp.uk, 2022).
As scholars and financial experts published in the report that the country is built upon the significant core values: freedom, justice, democracy, compassion, and equality (Amagir, et al. 2018). To that end, it becomes evident that each one of us has inherited the responsibility and accounting to help the deprived community members. The underserved community members have little or absolutely zero financial buffer for absorbing this economy shock, and thus this issue is expected to turn out to be a national issue.
Nonetheless, it is also apparent that one major reason behind this entire problem related to the economic crisis faced by community members is the lack of knowledge related to financial literacy education, as people have no idea how to save money and invest for their greater future. This mainly reflects the importance of conducting a research on this topic, and thus an expert help must be acquired for Finance Thesis Help along with the attainment of guidance to select the Best Finance Thesis Topics for the research work.
Many experts and economists have also raised concerns that the financial education in our country is inadequate, due to which our national is at the verge of experiencing economic ruin.
There are numerous some economists who argue for including financial literacy education into the K-12 curriculum as soon as it is practically possible, it is abundantly clear that the teaching of financial literacy should start at the elementary school level. Only 25 percent of teachers feel confidence in their ability to teach students about personal finance, according to a study conducted in 2019 by the Council for Economic Education.
The subject of introducing financial literacy education to save the nation from the economic ruin has turned out to be more prevalent during the COVID-19 and even during the post pandemic era as the new survey published by the “National Endowment for Financial Literacy Education” found that nearly 7 out of 10 people believe that the crisis caused by the global pandemic has resulted in causing financial loss due to the increment in rate of unemployment and upsurge in the rate of inflation.
The assessment of the financial crisis caused by the global pandemic gives rise to the question that what role can financial literacy educational can play in preparing the community members to face the financial challenges, and how this educational knowledge can increase their confidence to manage their money during this crisis to recover from the crisis as soon as possible.
If you are also willing to prepare a thesis on this topic related to financial literacy education to contribute towards the betterment of the community, and thus want to help people to recover from the economic crisis; then you must obtain the Finance Thesis Help from the professionals.
The financial literacy education cannot forecast and/or remedy the crisis, but conducting a research on the Finance Thesis Topics related to the financial literacy education can play a substantial role in the financial recovery of the country while saving our nation from the economic ruins.
Some of the crucial benefits, which can be obtained from conducting research on financial literacy education, are:
- When the Great Recession hit in 2008, many people working in the field of financial literacy education rethought their strategies and reorganised their change agents in order to be better able to react to the developing economic crisis.
- Members of society who are financially savvy have a significant advantage. There will be less crime, fewer home foreclosures, less stress, and happier individuals, families, and communities as a consequence of increased food security, which will make it feasible for a labour force that is more robust and educated. When communities are able to sustain their own financial stability, everyone benefits.
Even if education in personal finance offers a variety of benefits that have been validated by research, it is not sufficient to anticipate economic problems or to handle a crisis. It is therefore unfair to cite the coronavirus pandemic as an example of the failure of financial education and to hold people liable for their inability to prepare for or manage unforeseen costs by holding them responsible for the failure of financial education.
Knowledge is essential since it is likely that many individuals will need to make hasty decisions; but, information on its own won’t do much to avoid a free fall or speed up the recovery of finances. Hence, you are suggested to acquire Finance Thesis Help from professional financial experts who will give you guidance to select the best Finance Thesis Topic to help you in promoting Financial Literacy Education to Save Our Nation from Economic Ruin.
References
Amagir, A., Groot, W., Maassen van den Brink, H. and Wilschut, A., 2018. A review of financial-literacy education programs for children and adolescents. Citizenship, Social and Economics Education, 17(1), pp.56-80.
CNBC. 2021. Op-ed: Make financial literacy in underserved communities a national priority. Available At: https://www.cnbc.com/2021/05/02/op-ed-why-financial-literacy-needs-to-be-a-national-priority.html [Online]
thedissertationhelp.uk. (2022, Jan 3rd). How To Write A Thesis Outline. https://thedissertationhelp.co.uk/how-to-write-a-thesis-outline/ .
