Financial Literacy and Voluntary Savings in the United Kingdom
by Denys Orlov, (National Bank of Slovakia, Bratislava University of Economics and Business)
Understanding the determinants of voluntary savings is essential for ensuring both individual financial security and broader economic stability. Savings act as a crucial buffer against unexpected financial shocks and play a central role in sustaining living standards throughout retirement. In this article, Denys Orlov explores how the propensity to save for old age in the United Kingdom may be associated with financial literacy and a range of socio-demographic characteristics.
Full article is available here.