FROM LITERACY TO FINANCIAL EDUCATION: A SURVEY OF
METHODS TO MEASURE PHENOMENA. THE PARTICULAR SITUATION
                      OF ROMANIA


                Adela Socol, “1 Decembrie 1918” University of Alba Iulia, Romania


ABSTRACT: People with a high level of financial literacy represent a premise for the societies'
evolution and wellbeing, because informed citizens are capable to manage their money, to take
proper financial decisions and to contribute to general prosperity and financial stability. We analysed
the ideological acceptations of the basic concepts and the methodology of measuring financial
literacy. The paper emphasizes on the problem of low financial literacy across countries. This
problem could be solved by developing a national strategy of financial education that is the premise
for efficient financial education.

Keywords: Financial Literacy, Financial Education, Methodologies to measure, Financial Behavior

JEL Codes: D03, G02, I22