Without education, there is no progress: knowing to grow

Abstract

Underdeveloped countries have a population with low levels of education, which is reserved for those who have more financial possibilities, and who can access to education is still able to achieve higher levels of growth, personal, professional and financial. This factor contributes to widening the inequality gap between the population. However, education is essential for the growth and development of a country, but this is only achieved if the vast majority of the population gets education. Education remains a good springboard for someone to ascend personally and socially. But more than being the means for individual growth, it is also the means that enables a community to achieve better living conditions and to enable the social and economic evolution of the country, making it more competitive and attractive. Education is fundamental in all sectors, but there is one that can transform a society with direct repercussions on the economic growth of a country, which is financial education. Today, even the most developed countries continue to have some difficulties in economic growth because their population, despite being educated, has no financial knowledge, that is, specialized and technical education in this area is still scarce and this gives a lack of control over the finances of the women. families, who get into more debt than they can afford and ultimately default on their financial commitments. This scenario is detrimental as it does not allow families to reach the levels of financial confort and stability that allow the circulation of capital, which undermines the economic growth of the country. In this study, we intend to make a study that allows comparative analysis of the relationship between the financial literacy of citizens and their indebtedness and the relationship between this phenomenon and the country's economic growth, concluding that there are three concepts and realities inseparable, and that some are a consequence almost direct from others. We propose to prove that if there are high levels of financial literacy, the economic growth of the country is higher compared to others and that it is therefore urgent to take steps to include, in the curriculum plans of schools at an earlier age. Financial Literacy discipline and that this need should not only be addressed in the younger age groups but also corrected in the age group of the population who are no longer attending study cycles, but should also be able to attend training on this subject.