THE ROLE OF FINANCIAL EDUCATION IN SHAPING A CULTURE OF LONG-TERM FINANCIAL PLANNING
Keywords:
financial education, financial literacy, long-term financial planning, financial culture, retirement planning, saving behaviour, behavioural economics.Abstract
The thesis examines the role of financial education in forming a culture of long-term financial planning among households. Drawing on life-cycle theory and behavioural economics, it identifies the cognitive and behavioural barriers that prevent individuals from planning beyond the short term, substantiates the channels through which financial education affects planning behaviour, reviews the empirical evidence on its effectiveness and its limits, and summarises international experience. On this basis, proposals are formulated for developing a culture of long-term financial planning in Uzbekistan through the education system, workplaces and digital financial services.
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